Binance has launched a cryptocurrency card to assist Ukrainian refugees

By    29 Apr,2022

According to an April 26 news release, Binance, the largest cryptocurrency by trading volume, has launched a crypto card to assist Ukrainian migrants in completing transactions within the European Economic Area (EEA).

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Binance collaborated with banking-as-a-service platform Contis to develop the card.

Ukrainian refugees can use the card in EEA retail establishments that accept credit cards. Binance Charity, the exchange’s non-profit arm, collaborated with other non-profit groups like as Rotary and Palianytsia as part of this program.

The three companies hope to provide crypto-based cash assistance via the refugee crypto card. They specifically want to make it simple for relatives and friends of affected Ukrainians to transfer cryptocurrency to the new cards and Binance wallets in order to assist their loved ones.

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