Crypto Industry Continues Fight Against Coronavirus With New Contributions
Crypto Industry Continues Fight Confronting Coronavirus With New Contributions
The crypto community continues to assistance fight the coronavirus, with Binance Charity donating new batches of medical supplies to medical institutions.
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The crypto community continues to aid fight the coronavirus outbreak, with Binance Charity donating new batches of medical supplies to hospitals and disease command control centers.
On March 9, Binance Charity announced the completion of the second phase of its philanthropic initiative dubbed "Binance for Wuhan," wherein the company gave half-dozen new batches of medical supplies to 130 hospitals, medical teams and disease control command centers.
The shipment included protective suits from Israel and the United Arab Emirates, oxygen machines, gloves and protective goggles.
Crypto infinite stakeholders in the fight against coronavirus
In February alone, an array of cryptocurrency- and blockchain-related companies contributed to combating the virus. Tech startup FUZAMEI rolled out a blockchain-based platform designed to improve the transparency and efficiency of charity and medical data sharing. Blockchain firm Krypital launched a clemency donation effort to larn medical supplies for Wuhan coronavirus victims.
Cathay-based loftier-tech house Hyperchain appear the development of a blockchain platform geared to transparency and traceability of donations related to the coronavirus epidemic.
Cash vs cryptocurrencies amid coronavirus
Also in February, the Chinese regime quarantined used depository financial institution notes in an endeavor to stop the spread of the virus. The authorities asked local banks to provide individuals with new bank notes if possible.
The fuss effectually the coronavirus epidemic has led people around the world to set sights on digital currencies. Thus, the search term "Bitcoin coronavirus" overtook "Bitcoin halving" on Google Trends, with the most traffic in Europe.
Nevertheless, while investors around the world are struggling to notice rubber-haven assets, some industry experts do not run into cryptocurrencies as a suitable pick. Campbell Harvey, a professor of international business organization at Knuckles University, told Cointelegraph: "When y'all start talking about safe oasis, information technology becomes really difficult to call back are these really rubber-oasis assets because it's just non obvious."
Harvey suggested that much of the value that is attributed to cryptocurrencies is essentially speculative.
Source: https://cointelegraph.com/news/crypto-industry-continues-fight-against-coronavirus-with-new-contributions
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