Crypto exchanges come to the rescue after Turkey earthquake

Turkey and Syria were hit hard by a strong earthquake during the night from Sunday to Monday. The epicenter was in southeastern Turkey, close to the Syrian border. Not long after that, a strong second quake followed. In total, more than 100 aftershocks have occurred and more than 5,000 deaths have been reported.

Help is offered from all over the world; also from the crypto world. Several crypto exchanges have expressed their support and have started preparing relief packages for those affected.

Crypto industry comes to the rescue

Governments and organizations around the world have rushed to the aid of the victims, providing aid in terms of medicines, rescue equipment, funding and manpower. Similar actions have also been pledged by multiple crypto exchanges, including Gate.io, Binance, Bitfinex, Bitget, Bybit, and BitMEX.

Gate.io’s Twitter account gave to that it had started preparing aid packages to help the people in Turkey’s earthquake zone. These will then be delivered in consultation with the authorities.

Bitfinex and Bybit In addition to expressing their support, they also indicated that they are in the process of sending aid packages to the affected areas.

BitMEX emphasized that it will donate the proceeds of this week’s trade contest to the Red Cross. It also encouraged all followers of the crypto exchange to do the same.

Bitget has pledged 1 million Turkish Lira to support relief efforts in solidarity with those affected.

Binance CEO Changpeng Zhao also shared messages of support and promises of help from the largest crypto exchange in the world.

Turkey and blockchain technology

Earlier you could read in the crypto news that Turkey plans to use blockchain technology for online digital identities. According to the country’s vice president, government services are safer and more accessible in this way.

Over the years, several blockchain projects have been launched, but apart from a few trials, there is no application that is actually being used at the moment.

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