Crypto donations have surged in 2024, surpassing the $1 billion mark, with a significant uptick following the devastating earthquakes in Myanmar and Thailand.
The rapid and borderless nature of cryptocurrency has proven particularly effective in delivering aid to affected regions where traditional financial systems may be disrupted or slow.
Following the major 7.7 magnitude earthquake that struck central Myanmar, with effects felt in Thailand, there has been a significant increase in crypto donations being sent to aid in relief efforts.
Humanitarian organizations are increasingly utilizing digital assets to facilitate faster and more transparent transactions, enabling them to quickly distribute essential resources like medical supplies, food, and shelter.
The efficiency of blockchain technology allows for real-time tracking of donations, fostering greater accountability and trust among donors. This surge in crypto philanthropy highlights the growing recognition of digital assets as a powerful tool for humanitarian aid, especially in times of crisis.
