Binance co-founder Changpeng “CZ” Zhao donated over half 1,000,000 {{dollars}} worth of crypto to the earthquake disaster help effort in Thailand and Myanmar, in a single different testament to the rising utility of blockchain-based emergency charity efforts.

Zhao donated 1,000 BNB (BNB) tokens worth nearly $600,000 to the disaster help funds for the realm on March 3, blockchain information reveals.

“Sent 1000 BNB for the donation for Myanmar and Thailand,” wrote Zhao in an April 3 X post.

The crypto donation comes after Thailand and Myanmar have been hit by a 7.7 magnitude earthquake on March 28, inflicting excessive hurt to buildings and widespread flooding.

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At least 2,719 people have been confirmed ineffective in Myanmar and 18 in Thailand, with 76 people nonetheless unaccounted for, in line with the latest figures shared by Reuters.

The $600,000 donation comes nearly per week after Zhao pledged to donate 500 BNB for the help efforts, an preliminary dedication that he doubled. Cryptocurrency-based donations have emerged as a giant lifeline for the realm, on account of banking restrictions introduced on by damaged infrastructure.

Crypto donations exceeded $1 billion in 2024, spurred by rising digital asset valuations and rising crypto regulatory readability. About 16% of the donations went in direction of education, whereas 14% went in direction of treatment and health-related efforts.

The Giving Block has launched a crypto-based emergency help effort for Myanmar and Thailand to spice up $500,000 for the devastated space.

The group expects crypto donations to realize $2.5 billion in 2025 on rising crypto wealth period and rising adoption on account of a additional favorable political panorama.

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Crypto donations obtain traction for emergency help efforts

Zhao’s donation is a testament to the rising operate of cryptocurrency in humanitarian assist, in line with Anndy Lian, author and intergovernmental blockchain skilled.

“Crypto donations, compared to traditional fiat contributions, offer unique advantages, especially in emergencies,” Lian suggested Cointelegraph, together with:

“Speed is a key factor—transactions on blockchain networks can settle in minutes, bypassing the delays of banks or intermediaries, which is critical when time saves lives.”

“In 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,” Lian outlined.

Lian moreover donated 44 BNB tokens to the help efforts in Myanmar and Thailand, a switch that was publicly praised by Zhao.

Ethereum co-founder Vitalik Buterin has been acknowledged for his crypto donations. In October, Buterin donated over $180,000 in Ether (ETH) to the biotech charity Kanro.

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