Tuesday, November 24, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

    CZ Binance Orders 70,000 Masks to Support China amidst Virus Outbreak

    Must Read

    Ethereum 2.0 Staking Deposits Surpass 65% of Required ETH As Price Hits $600

    At the time of publication, the Ethereum 2.0 staking deposit contract has surpassed 65% of the required amount of...

    Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

    Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of...

    Crypto Strategist Scott Melker displays His Bullishness on ADA, ETH, LTC, XRP and Three Others

    A cryptocurrency analyst, Scott Melker, popularly known in the crypto industry as Wolf Of All Streets, has revealed he’s...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    China, the most populous country in the world has been struggling to curtail the widespread of the highly contagious and killer virus, coronavirus.

    In the quest to support the Chinese community, Changpeng Zhao, the CEO of the largest cryptocurrency exchange Binance, who is popularly known as CZ Binance has recently promised to support the country with 70,000 masks to curtail and control the widespread of the killer disease.

    Earlier Supports Shown By CZ Binance

    Earlier before this moment, Binance CEO had pledged that the exchange will be supporting China with 10 million RMB, which is equivalent to $1.5 million, to confront the chaotic situation ranging in the country.

    He said, “For Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help coronavirus victims. We didn’t make any announcements. But BCF/Binance team has been busy for the last few days. Still need help to arrange logistics locally.”

    Some hours later, CZ came back to the thread of the tweet above to share the additional intention of the exchange towards battling the viral outbreak in China.

    He said N95 masks in the affected region and environs have been totally sold out. He added that Binance had bought over 8,000 medical masks but not without difficulties in sending them to Wuhan. He then solicited the help of whoever has the idea of getting them to reach the appropriate quarters in the region.

    He said, “All N95 masks in China, Japan and surrounding regions are sold out. We bought 8000+ medical masks but also having difficulties sending them to Wuhan. If you know of logistics channels that still work, please do share.”

    CZ Binance Increases Masks Order to 70,000

    To cap it all, Changpeng Zhao (CZ), the Chinese-Canadian CEO of Binance recently shared that his team is already working with some of the largest e-commerce and logistics companies in China, in collaboration with the government of the country in the quest to prevent the chaos.

    He then added that Binance has increased the initial order of the masks to 70,000, which will be acquired from other countries.

    CZ Binance said, “Our team is working with some of the largest e-commerce and logistics companies in China now. The CN government is also coordinating this centrally to prevent chaos. We increased the order to about 70,000 masks now from other countries. Others measures also pushing forward.”




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Ethereum 2.0 Staking Deposits Surpass 65% of Required ETH As Price Hits $600

    At the time of publication, the Ethereum 2.0 staking deposit contract has surpassed 65% of the required amount of...

    Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

    Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of top RippleNet customers on its...

    Crypto Strategist Scott Melker displays His Bullishness on ADA, ETH, LTC, XRP and Three Others

    A cryptocurrency analyst, Scott Melker, popularly known in the crypto industry as Wolf Of All Streets, has revealed he’s bullish on seven altcoins, including...

    Analyst Says Ethereum (ETH) Could Target $850 Once It Surmounts This Key Resistance

    Virtually all the cryptocurrencies in the market have been enjoying the current price rally that was started by Bitcoin (BTC), the largest cryptocurrency by...

    Ripple Moves to Bring XRP Ledger to the World of Central Bank Digital Currencies (CBDCs)

    Considering the latest job listing, Ripple, the San Francisco based cross-border payment firm, is moving to bring XRP Ledger to the world of Central...

    More Articles Like This