Binance Issued Nearly 70,000 Binance Refugee Crypto Cards for Ukrainians

Binance Issued Nearly 70,000 Binance Refugee Crypto Cards for Ukrainians

Thousands of Ukrainians have ordered a crypto card issued by the world’s leading digital asset exchange, Binance, for its users from the war-torn country. The card allows people displaced by the ongoing conflict with Russia to make payments and receive financial support.

Binance Announces Results from Efforts to Help Ukrainian Refugees

Between April 26 and June 10, almost 70,000 people have been issued the Binance Refugee Crypto Card, unveiled by the crypto news outlet Forklog. The card was offered in April to support Ukrainians forced to leave their homes amid Russia’s military invasion of the country.

The card allows displaced Binance users from Ukraine to make or receive crypto transfers and pay at merchants in countries of the European Economic Area. The refugees can also receive financial aid through Binance’s partners. The applications of 4,000 Ukrainians currently residing abroad have been approved, with more than 1,700 having received funds.

Binance also participates in efforts to support internally displaced persons (IDPs) as part of a project launched together with the charitable foundations Palianytsia and Rotary Club Kyiv International. Priority will be given to large families, those with minor children, the disabled, and the elderly Ukrainians.

The report details how these most vulnerable people will be able to rely on monthly assistance in the amount of 75 BUSD for periods of three months, as detailed in the report. In its first stage, the initiative will help 5,000 IDPs with a budget of $1.2 million. Representatives of the exchange explained:

"Initially, we were going to help people who were forced into the EU, were granted refugee status, and really needed help. But in parallel, we decided to launch a pilot project to help those who remained in Ukraine."

Binance further revealed it’s closely cooperating with the Ukrainian Ministry of Digital Development to organize a course on online professions for Ukrainians who lost their jobs due to the war as early as this month. The exchange also stressed that it will continue to follow sanctions policies against Russia and ensure their implementation on its platform.

You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to the Binance Charity Ukraine Emergency Relief Fund.