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Binance introduced a Refugee Crypto Card for Ukrainians fleeing war

May 02, 2022

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Binance introduced a Refugee Crypto Card for Ukrainians fleeing war. Source: binance.com

Binance has launched the Binance Refugee Crypto Card for all current and new Binance users from Ukraine forced to move to EEA countries as a result of the war with Russia.

The new card will allow displaced Ukrainians to make or receive crypto payments and complete purchases at retailers in the EEA who accept card payments.

At such a difficult time for Ukraine, it’s clear that cryptocurrencies are useful as they offer a fast, cheap and secure way of transferring funds to help people with their urgent financial needs. We want to see blockchain working for people, solving real-world problems and using it as a tool to connect those who want to help, directly with those in need of it. We will continue to develop initiatives and partnerships to help the Ukrainian people and continue to develop crypto and blockchain tools to help aid those suffering from conflicts elsewhere in the world
Helen Hai, Head of Binance Charity

As part of the programme, Binance Charity is working with various NGOs including Rotary Club Kyiv International and Palianytsia to provide crypto-based cash assistance through the Refugee Crypto Card. It will allow relatives or acquaintances to transfer crypto to the new cards and Binance wallets to support their loved ones.

Refugees who are verified by local NGOs and applied for the Binance Refugee Crypto Cards will receive 75 BUSD, equivalent value to US$75 per month for three months. The BUSD cryptocurrency will be converted to local currency automatically during the card payment.

To obtain a Binance Refugee Crypto Card, refugees will need to use an existing account registered in Ukraine or register a new Binance account using a Ukrainian home address, even if currently living in another EEA country. All users will be required to complete full KYC verification.

To date, some four million people have already left Ukraine. It is our responsibility to help people who have suffered from the war and were forced to leave their homes. The Binance Refugee Card will allow Ukrainians to get help from Binance and other charitable organizations, and, if necessary, receive cryptocurrency from any other wallets
Kirill Khomyakov, General Manager of Binance in Ukraine

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