{"id":20389,"date":"2025-04-03T10:46:32","date_gmt":"2025-04-03T10:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20389"},"modified":"2025-04-03T10:46:32","modified_gmt":"2025-04-03T10:46:32","slug":"crypto-donations-top-1b-in-2024-gain-traction-after-myanmar-thailand-quake","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20389","title":{"rendered":"Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake"},"content":{"rendered":"
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\"Crypto<\/p>\n

Binance co-founder Changpeng \u201cCZ\u201d Zhao donated over half a million dollars worth of crypto to the earthquake disaster relief effort in Thailand and Myanmar, in another testament to the growing utility of blockchain-based emergency charity efforts.<\/p>\n

Zhao donated 1,000 BNB (BNB<\/a>) tokens worth almost $600,000 to the disaster relief funds for the region on March 3, blockchain data shows.<\/p>\n

\"Crypto
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Zhao donates 1,000 BNB. Source: <\/em>BscScan<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

\u201cSent 1000 BNB for the donation for Myanmar and Thailand,\u201d wrote Zhao in an April 3 X post<\/a>.<\/p>\n

The crypto donation comes after Thailand and Myanmar were hit by a 7.7 magnitude earthquake on March 28, causing severe damage to buildings and widespread flooding.<\/p>\n

Related: <\/strong><\/em>70% chance of crypto bottoming before June amid trade fears: Nansen<\/strong><\/em><\/a><\/p>\n

At least 2,719 people have been confirmed dead in Myanmar and 18 in Thailand, with 76 people still unaccounted for, according to the latest figures shared by Reuters<\/a>.<\/p>\n

The $600,000 donation comes nearly a week after Zhao pledged to donate<\/a> 500 BNB for the relief efforts, an initial commitment that he doubled. Cryptocurrency-based donations have emerged as a significant lifeline for the region, due to banking restrictions caused by damaged infrastructure.<\/p>\n

\"Crypto
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Source: <\/em>The Giving Block<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Crypto donations exceeded<\/a> $1 billion in 2024, spurred by increasing digital asset valuations and growing crypto regulatory clarity. About 16% of the donations went toward education, while 14% went toward medicine and health-related efforts.<\/p>\n

The Giving Block has launched a crypto-based emergency relief effort for Myanmar and Thailand to raise $500,000 for the devastated region.<\/p>\n

\"Crypto
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Source: <\/em>TheGivingBlock<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The organization expects crypto donations to reach $2.5 billion in 2025 on growing crypto wealth generation and increasing adoption due to a more favorable political landscape.<\/p>\n

Related: <\/strong><\/em>Trump-linked crypto ventures may complicate US stablecoin policy<\/strong><\/em><\/a><\/p>\n

Crypto donations gain traction for emergency relief efforts<\/h2>\n

Zhao\u2019s donation is a testament to the growing role of cryptocurrency in humanitarian aid, according to Anndy Lian, author and intergovernmental blockchain expert.<\/p>\n

\u201cCrypto donations, compared to traditional fiat contributions, offer unique advantages, especially in emergencies,\u201d Lian told Cointelegraph, adding:<\/p>\n

\u201cSpeed is a key factor\u2014transactions on blockchain networks can settle in minutes, bypassing the delays of banks or intermediaries, which is critical when time saves lives.\u201d<\/p><\/blockquote>\n

\u201cIn disaster-stricken areas like Myanmar or Thailand, where infrastructure might be compromised, crypto can reach recipients directly via digital wallets, no SWIFT codes or wire transfers required,\u201d Lian explained.<\/p>\n

\"Crypto
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Source: Anndy <\/em>Lian<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Lian also donated 44 BNB tokens to the relief efforts in Myanmar and Thailand, a move that was publicly praised by Zhao.<\/p>\n

Ethereum co-founder Vitalik Buterin has been known for his crypto donations. In October, Buterin donated<\/a> over $180,000 in Ether (ETH<\/a>) to the biotech charity Kanro<\/a>.<\/p>\n