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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.
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.
We’ve reported that Coinbase cryptocurrency exchange launches NFT marketplace for selected US users.
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