The CEO of Binance Changpeng Zhao stated that he contributed $1 million in BNB as a donation for Australia, inviting others to use the crypto for donations to fight fires that continue to worsen throughout a continent facing a serious unprecedented crisis.
Help #Bushfire victims in Australia@Binance leads with $1,000,000 USD (in #BNB) donation#crypto to the end beneficiary
100% on-chain transparency
Increase #ADOPTION
Crypto for social impact!Join us. https://t.co/6CSom9fKy5
— CZ 🔶 BNB (@cz_binance) January 8, 2020
Many others are also making crypto donations, which are preferred due to the transparency and verifiability of both the amount and the actual delivery, limiting the risk of loss and misuse of funds.
Binance in Australia
Moreover, today Binance also announced that it has entered into a partnership with Banxa, which will allow the exchange customers to buy cryptocurrencies directly using Australian dollars, pounds and euros.
Binance’s goal is to boost crypto mass adoption by facilitating the purchase of cryptocurrencies using debit and credit cards, as well as bank transfers.
As mentioned, Binance will use Banxa, which offers compliant services in several countries such as Australia, the UK and Europe.
Banxa was very pleased with the partnership, as reported by Banxa’s CEO, Holger Arians:
“Banxa allows crypto exchanges, wallets and other crypto platforms to offer instant fiat to crypto conversions. With only one integration, our partners benefit from both local and global payment options while Banxa takes care of all regulation, compliance and chargebacks. We are very delighted to welcome Binance into our growing ecosystem of partners and look forward to working closely with the team at Binance”.
