Binance, Exchanges

What Is Binance Charity?

Binance Charity is the world’s first decentralized charity foundation, founded by Binance and its CEO Changpeng Zhao. The foundation uses the power of blockchain technology to transparently and efficiently donate to charitable causes around the world.

The Binance Charity Foundation (BCF) was established in July 2017 with a mission to “blockchain the world of philanthropy”. BCF is a not-for-profit organization that harnesses the power of blockchain technology to make global charitable giving more efficient, transparent and secure.

BCF has partnered with some of the world’s leading NGOs, including UNICEF, the United Nations World Food Programme (WFP), and the Red Cross, to name a few. BCF has also supported relief efforts for major disasters such as the Nepal earthquake, Puerto Rico hurricane and the Flint water crisis in Michigan.

So far, BCF has raised over $4 million dollars worth of cryptocurrency donations and has distributed these funds to over 30 impoverished countries around the world. BCF plans to scale up its operations and continue its work in changing lives through blockchain technology.

Binance Charity is changing the way we think about philanthropy by using blockchain technology to make global charitable giving more efficient, transparent and secure. With its growing list of partnerships with some of the world’s leading NGOs, Binance Charity is well on its way to making a positive impact on the lives of people around the world.

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