by • Vitalik Buterin, co-founder of Ethereum, donated $150,000 worth of Ether to Ahbap Earthquake Support.
• The donation is part of increasing adoption of cryptocurrencies as a means for charitable assistance.
• Recent earthquakes in Turkey and Syria have had catastrophic effects on individuals and communities with deaths topping 25,000.
Vitalik Buterin Donates $150K To Earthquake Relief
Vitalik Buterin, the co-founder of Ethereum, has shown his kindness and support for those affected by the recent earthquake in Turkey and Syria by making a sizeable donation of approximately $150,000 worth of Ether to Ahbap Earthquake Support. According to numerous news sources, Buterin transmitted a total of 99 ETH from his wallet address “vitalik.eth” to a wallet branded “Ahbap Yardm,” according to Etherscan transaction data.
Cryptocurrencies Aiding Disaster Relief
The contribution highlights the increasing adoption of cryptocurrencies as a means for charitable assistance during times of disaster when standard banking services may be unavailable or difficult to access. Changpeng Zhao, CEO of Binance stated that this natural calamity has had an irrevocable effect on so many individuals and communities and that they are calling on their industry peers to come together and offer support in these times of crisis.
Earthquake Catastrophe In Turkey And Syria
On Monday two tremors occurred in quick succession with magnitudes 7.8 and 7.5 on the Richter scale separated by nine hours which was one of the region’s strongest in nearly hundred years leaving millions affected by it across hundreds miles.. As per Saturday reports number deaths have topped 25,000marking it as one worst disasters globe seen last decade .
Crypto Making Relief Easier And Quicker
Natural calamities make it harder for people to obtain funds for necessities such as medical supplies and food through standard banking services however Cryptocurrencies like Ethereum will make process acquiring funds significantly simpler quicker bringing relief victims tragedy .
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