Binance Refugee Crypto Card for Ukraine

Published on: 26.04.2022

Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has launched the Binance Refugee Crypto Card for all current and new Binance users from Ukraine forced to move to EEA countries due to the war with Russia.

The Binance card has been created in partnership with Contis. It will allow displaced Ukrainians to make or receive crypto payments and complete purchases at retailers in the EEA who accept card payments.

“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,” said Helen Hai, Head of Binance Charity.

Kirill Khomyakov, General Manager of Binance in Ukraine, said:

“To date, some four million people have already left Ukraine. It is our responsibility to help people who have suffered from the war and were forced to leave their homes. The Binance Refugee Card will allow Ukrainians to get help from Binance and other charitable organizations and, if necessary, receive cryptocurrency from any other wallets.”

Binance Charity is working with various non-profit organizations, including Rotary and Palianytsia to provide crypto-based cash assistance through the Refugee Crypto Card that will allow relatives or acquaintances to transfer crypto to the new cards and Binance wallets to support their loved ones.

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. The BUSD cryptocurrency will automatically be converted to local currency during the card payment.

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 they are currently living in another EEA country. All users will be required to complete full KYC verification.

Ms. Hai added: “We want to see blockchain working for people, solving real-world problems and using it to connect those who want to help, directly with those in need of it. We will continue to develop initiatives and partnerships to help the Ukrainian people and continue to develop crypto and blockchain tools to help aid those suffering from conflicts elsewhere in the world.”

The move is part of Binance’s continued support program for Ukrainians affected by the war.

In addition, Binance Charity created a cryptocurrency crowdfunding site “Emergency Assistance Fund for Ukraine” so that people worldwide could donate cryptocurrency to support Ukraine. It has already raised about $1M.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.