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Binance launches crypto card to help Ukrainian refugees

Crypto exchange Binance has launched a crypto card for Ukrainians who have been forced to move to European countries due to the war with Russia. The card will allow existing and new users of Binance from Ukraine to make or receive payments in crypto and make purchases at retailers that accept card payments in the European Economic Area (EEA). Earlier, Binance had given a donation of 10 million dollars due to the humanitarian crisis in this region. This donation was distributed among UNICEF and some other aid organizations.

Binance has a Press release It is told that this card has been launched in partnership with UK-based banking service platform Contis. This allows Ukrainian refugees cryptocurrencies You will get the facility to buy goods using it. The card has been made available in both physical and virtual formats. Helen Hai, head of Binance Charity, believes that cryptocurrencies are useful in such difficult times as they are a faster and cheaper way to transfer funds. This helps people in case of immediate financial need.

Kirill Khomyakov, General Manager of Binance in Ukraine, told that the situation in Ukraine is dire as more than 4 million people have already left the country. Ukrainians who have gone to Europe are facing financial difficulties. He said, “It is our responsibility to help those who have been affected by the war and have been forced to leave their homes. This Binance card will help the people of Ukraine from Binance and other charitable organizations and they You will also be able to receive cryptocurrencies from other wallets as and when required.”

Apart from this, Binance Charity has also joined hands with other non-profit organizations like Rotary to provide crypto related help through this card. Refugees will receive approximately 75 BUSD per kill for three months, which equates to about $75. The BUSD cryptocurrency will be automatically converted to the local currency during payment. This crypto card from Binance is free but will require KYC verification.

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