Crypto-Charity achieves foolproof donation transparency
After raising over one million medicinal protective materials to hospitals worldwide surged by COVID-19, Binance Charity, the non-profit arm of the cryptocurrency exchange company Binance has launched the first-ever fully transparent charity campaign.
Тhe Crypto Against COVID campaign, which has already raised more than $4 million in crypto-donations, and has aided in the delivery of more than one million PPE(Personalized Protection Equipment) materials to healthcare facilities all over the world that are heavily affected by the virus outbreak and in need of equipment, including China, India, Italy, Japan, South Africa, Spain, Turkey, and the United States.
This campaign aims to provide a track of donations to its respective donors from the moment of transaction to the last-mile delivery of the medical supplies to hospitals, utilizing a blockchain-powered stablecoin dubbed the PPE Token.
The PPE Token enables full transparency on Binance Charity’s public ledger, detailing information such as:
- purchase orders
- supply chain tracking
- photo proof of healthcare workers receiving the medical equipment
Being the first of its kind, it was used to verify the successful, tamper-proof delivery of 200,000 N95 masks to 11 New York City hospitals and the surrounding region.
Benefiting hospitals include: NY Presbyterian Hospital, NYU Langone, Mount Sinai Hospital, Lenox Hill Hospital, Montefiore Medical Center, Mount Sinai Beth Israel, Maimonides Medical Center, Staten Island University Hospital, Stony Brook Hospital, Huntington Hospital, and Walter Reed Army Medical Center.
Daniel Baier, Manager of Hospital Operations, Huntington Hospital said: “I wanted to extend a thank you for the generous donation of masks provided to Huntington Hospital by Binance. This donation represents the type of support that keeps us going strong as we continue our battle against the COVID-19 pandemic.”
If you would like to learn more about the charity you can do so by using the following link: https://www.binance.charity/