Binance has donated $3 million to Spain’s Red Cross to help those affected by the devastating floods in Valencia, Spain.
Supporting flood relief efforts
The flooding in Valencia caused significant damage, and Binance Charity, the philanthropic arm of the crypto exchange is stepping in to provide much-needed support.
This donation is aimed at facilitating immediate relief efforts, focusing on delivering essential resources and logistical help to the communities hit hardest by the floods.
According to both Binance and the Spanish Red Cross, this contribution is part of their mission to use digital assets effectively in times of crisis.
The funds will go towards a variety of emergency measures designed to assist those directly impacted by the disaster.
A commitment to community
Javier García de la Torre, Binance’s general manager for Spain, shared the company’s dedication to helping the local community.
“Through our donation to the Spanish Red Cross, we aim to bring relief and assistance to the people who need it most. We stand together with the community in Valencia, committed to helping rebuild and recover.”
Fernando Pérez-Ordoyo, head of international partnerships at the Red Cross, also expressed gratitude for Binance’s financial support.
He highlighted how importans this funding is for delivering immediate assistance to thousands of people facing displacement and loss due to the floods.
Support from the public
The Spanish Red Cross isn’t stopping there, they’re also reaching out to the public for additional support.
They’ve opened up more fundraising channels for anyone who wants to contribute to ongoing relief efforts.
This influx of resources allows them to quickly mobilize aid to the most affected areas, ensuring that essential supplies reach residents as recovery efforts kick off.
For those interested in following the progress of relief operations or looking for ways to help, updates can be found on the Spanish Red Cross’s official platforms.
