One of the world’s largest cryptocurrency exchanges, Binance, has launched the Binance Refugee cryptocurrency card for Ukrainians who have been forced to move to the European Economic Area (EEA) because of the war with Russia.
Source: Head of Binance Charity Helen Hai
“At such a difficult time for Ukraine, it’s clear that cryptocurrencies are useful as they offer a fast, cheap and secure way of transferring funds to help people with their urgent financial needs.”
“Refugees who are verified by local non-profit organizations and applied for the Binance Refugee Crypto Cards will receive 75 BUSD, equivalent value to US$75 per month for three months in line with recommended donation levels by UNHCR, the UN Refugee Agency.”
Getting and using a card is free. 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.
See also: 84% of Ukrainians believe ordinary Russians are responsible for the war
