Binance Charity announces $1 million crypto donation to UNICEF to help in global COVID-19 vaccine rollout
Binance Charity has announced the world’s first crypto donation to UNICEF’s role in the global COVID-19 vaccine rollout—the largest vaccine procurement and supply operation ever undertaken.
The $1 million crypto donation to UNICEF-Luxembourg will support UNICEF’s role as the key delivery partner for the COVAX Facility, which aims to ensure global equitable access to COVID-19 vaccines.
As the first pillar of Binance Charity’s Post-COVID Recovery Plan, the funding will support UNICEF’s role in helping to deliver COVID-19 Vaccines to communities in 11 countries by the end of 2021: Ghana, Nigeria, Kenya, Uganda, Egypt, Indonesia, Philippines, Vietnam, Bangladesh, Ukraine and Brazil. As part of an ongoing partnership with UNICEF, the contribution could help cover all the costs of delivering more than 500,000 doses of COVID-19 vaccines within low- and middle-income countries, including the costs of planning, transport, cold chain equipment and Personal Protective Equipment (PPE).
"Vaccines do not only save lives, but they contribute to a return to normal, including for the many millions of children whose lives have been upended by the pandemic. UNICEF wants to ensure equitable access to vaccines for everyone, as the world will only be safe if everyone is safe. Since UNICEF is at the forefront of procuring and delivering vaccines, we can help to bring the pandemic under control so that we can start the work to build a better, safer, and healthier future for every child". Sandra Visscher, Executive Director of UNICEF Luxembourg said
By the end of 2021, UNICEF together with the COVAX Facility aims to make 2 billion vaccines available.
To date, in response to COVID-19, Binance Charity has raised about $5 million USD and donated 2 million PPEs to 26 struggling countries. This $1 million USD crypto donation to UNICEF’s role in the COVAX Facility is a continuation of Binance Charity’s efforts for a post-COVID recovery inclusive of all.
“The pandemic has destroyed local economies and shut down entire countries, all while claiming the lives of more than two million people worldwide,” said Helen Hai, Head of Binance Charity. “The events of the past year have collectively brought on new social and economic issues. With this, it’s presented a clear role for the cryptocurrency community in being able to provide support through transparent global giving, to those who are most in need.”
Hai added: “The progress some countries have made in rolling out vaccines has been hugely impressive, but we want to make sure nobody is left behind. We’re proud to be supporting UNICEF in vaccine delivery, which will play a major role in getting everyone’s lives back. This partnership is in support of a world that ensures vaccines are readily available to all, so that we may end the pandemic together.”
Binance Charity, the philanthropic arm of Binance, a leading cryptocurrency exchange platform, will support UNICEF with financial assistance and extend its blockchain infrastructure expertise. Binance Charity has committed to leveraging its crypto and blockchain ecosystem to support the COVID-19 vaccine logistic and financial transparency, allowing the public to track all the funding distributed to UNICEF through its issued Binance wallet. In addition, Binance charity also announces that it will release a limited edition NFT issued on Binance Smart Chain (BSC) to raise public awareness and encourage more fundraising on vaccine equality.
Preparing for a post-COVID recovery, Binance Charity, along with industry-leading authorities, aims to target 4 pillars to ensure an effective recovery to a post-COVID society. These pillars will focus on improving vaccine equality, women empowerment, tackle MSME assistance and education.