Binance, the largest cryptocurrency exchange in the world by volume of trade, has donated 27.000 KN95 masks worth over $ 60.000 to the Pru Trust of the United Kingdom's National Health Service to help fight COVID-19.
Binance a strong member of the English community
Princess Royal University Hospital (PRUH) is one of the largest and most crowded hospitals in London. It is part of the King's College Hospital NHS Foundation Trust, which employs over 11.000 health workers and provides services to over 326.000 Londoners.
The COVID-19 epidemic has seen the unprecedented need for Personal Protective Equipment (PPE) by the health system and its workers. Timing also bodes well, given Binance's recently revealed plans to open a cryptocurrency exchange and a blockchain hub in the UK.
"With Binance, we wanted to bring our support for the NHS in a concrete way by increasing their supplies of PPE that protect the health of healthcare professionals," said Helen Hai, head of the Binance Charity Foundation.
"We would like to thank Binance for being a strong member of our community and for contributing to the fight against COVID-19," said Tarun Singhal, head of the virology department at the Pru Trust, in a statement. "We hope this contribution will also inspire other London technology companies to help our community."
Binance Charitable Foundation
Founded in July 2018, the Binance Charity Foundation donates digital resources where applicable and also uses the track-and-trace functionality of the blockchain to ensure that donations reach the right places. Binance Charity recently created the PPE stablecoin Token, which was used to track the delivery of masks and other equipment to hospitals.
So far, Binance's COVID-related activities have tracked around 1 million DPI masks delivered to hospitals around the world, according to a post on the corporate page. “This crisis has put medical institutions around the world to the test.
Binance Charity responded and provided valuable material to ensure the health and safety of healthcare professionals, "said Changpeng" CZ "Zhao, founder and CEO of Binance. In April, Binance Charity donated $ 1 million to Puerto Rico and the Caribbean as part of the Crypto Against COVID campaign.
The donation to Puerto Rico and the Caribbean included $ 333.333 from the Integro Foundation, a Puerto Rico-based nonprofit company supported by EOS blockchain co-founder Brock Pierce, one of the most colorful characters in the cryptocurrency.
"Binance represents a new generation of fintechs committed to the values that inspired blockchain technology," added Ajit Tripathi, who leads Binance's charities in addition to banking partnerships in the UK and Europe. "I am personally grateful to the NHS and the PRUH for giving us the opportunity to contribute in this small and meaningful way when it is most needed."
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