One has to commend companies such as Binance for putting cryptocurrency companies in a positive spotlight. Rather than just focusing its attention on the industry it is active in, Binance is actively getting involved in philanthropic efforts. Its recent partnership in Uganda, for instance, is designed to create dozens of new jobs. The company’s move to Malta will create new jobs in that country as well."Another Big Move by Binance"
And if that wasn’t enough, Binance is now donating $1 million to victims of the floods and landslides in western Japan. The region has been hit by a series of disastrous events, causing millions to evacuate their homes and potentially never return. At the time of writing, several dozen individuals had been confirmed dead due to these landslides and floods, with several dozen more residents still unaccounted for.
The way Binance will go about this donation is rather interesting. As one would expect, the company has opted to send this donation using cryptocurrency. More specifically, the firm has offered to send the funds with either Binance Coin or Bitcoin, depending on the relief organizers’ preferences. Another option would be to just settle the transaction in JPY, although such a transaction would be subject to fees and delays.
Moreover, the Binance CEO is asking all of his Twitter followers to contribute to this donation effort. Individual users, as well as cryptocurrency projects, can make a contribution. In the case of the latter, such a donation will supposedly help projects get listed on Binance faster, although this may be a joke on the part of the CEO. For listed projects, making contributions will score them brownie points first and foremost, which should not be underestimated by any means.'Another Big Move by Binance'
It is evident the cryptocurrency community can do a lot of social good when incidents like these take place. The cr...