Today, in recognition of International Day of Charity, Binance Charity, the Binance’s charitable arm, released key findings from a poll it performed. It is hoped that the responses of 1126 people (including Binance users and the general public) will shed light on the changing nature of charitable giving and provide direction for Binance Charity’s future endeavours in this area.
There has been an increasing push towards using cryptocurrencies for charity giving, and the survey done by Binance Charity confirms this trend. Binance Charity says it has set its sight on leveraging the potential of blockchain technology to revolutionise charity across a wide range of fields, from disaster relief to education and health.
The poll was carried out on the Binance Survey platform from August 19th, 2023, through September 4th, 2023. A total of 1126 adults from all over the world took part in this survey, including both Binance and non-Binance customers.
The following preferences emerge from the survey when looking at the fields that capture the public’s choice of a philanthropic cause:
The survey also explores people’s participation in philanthropic activities. It shows that 51% of respondents give what they can when they can. However, 20% of the respondents are committed philanthropists who always seek out ways to make a difference.
These results will have a substantial impact on the ongoing efforts of Binance Charity to make a positive difference in the world. To help those affected by the crisis in Ukraine, Binance has already contributed $10 million USD worth of cryptocurrency and introduced the first-of-its-kind Binance Refugee Card, which allows for the instant, low-cost, and secure transfer of payments. Additionally, Binance gave $5 million to help those affected by the earthquake in Turkey.
Also, through partnerships with leading educational and vocational institutions like Women in Tech and Utiva, Binance Charity has helped educate over 57,000 people across five continents through its learning platform, Binance Academy. The initiative aims to close the gender gap in technology by providing financial aid to female students interested in studying blockchain technology.
Furthermore, $5.7 million in cryptocurrency went to healthcare through Binance Charity’s “Crypto Against COVID” campaign, enabling the supply of over 2 million PPE pieces and 500,000 vaccines around the world. By enabling charities all around the world to receive cryptocurrency payments through Binance Pay or any DeFi wallet, Binance Charity is also at the forefront of crypto-based philanthropy.
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