By Tether Limited announces it will donate funds to help the Bahamanian victims after the deadly Hurricane Dorian struck on September 1.
According to the announcement, Tether pledged a $1 Million-donation relief, which will be carried out through Deltec Bank and Trust Limited based in the Bahamas. Donations made will be sent to Deltec Cares, a non-profit charity organization.
Tether Limited backed by many crypto organizations
As per the report, other crypto players had already joined in helping offer support to the hurricane victims. Binance Charity Foundation, a Hong Kong-based cryptocurrency exchange, began its campaign efforts on September 5 to offer relief support to the victims of hurricane Dorian.
The Binance Charity stated that they would like the cryptocurrency community to help them raise funds that will go into providing food and aid to victims through local organizations. The charity announced that it is accepting donations in Bitcoin (BTC), Binance Coin (BNB) and Ripple (XRP).
Another charity organization called to lend a Hand Bahamas has also set up a fundraising venture on cryptocurrency exchange Coinbase. In their announcement, the charity stated that it has set up a Coinbase Commerce account to easily accept crypto donations for relief efforts.
HURRICANE DORIAN
Hurricane Dorian continued its devastation with largest rainfall amounts of more than 36 inches over the Bahamas and in an area off the coast of northeastern Florida. A large area of rainfall between 16 and 24 inches fell in many areas off the U.S. East Coast. Areas include those from South Carolina to the Bahamas, another of the North Carolina coast, a third area off the coasts of southern New Jersey, Delaware and Maryland, and the New England states.
Hurricane Dorian has left 30 people dead and 400,000 in need of food, water, and medical supply. Dorian is expected to finish transition into an extratropical cyclone over the next day as it merges with a strong mid- to the upper-level trough (elongated area of low pressure) and its associated surface front.
Crypto and charity
Since the beginning of this year, there has been an increase of cryptocurrency use for charitable causes. Last month, one exchange in South Africa organized a “Crypto Pink Friday” to help arise cervical and breast cancer in Africa. Last week, the Rainforest Foundation published a notice on its website asking help from the cryptocurrency community to help protect the Amazon forest.
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