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Crypto Exchange Huobi’s Charitable Arm To Support Global Fight Against COVID-19

Huobi Charity, the charitable arm of crypto exchange operator Huobi Group, has announced a series of new initiatives in order to help the global community fight COVID-19, a pandemic that is affecting 204 countries and territories around the world.

In a press release, Huobi said that it will be making monetary contributions, donating medical supplies, and leveraging blockchain technology to aid healthcare organizations, hospitals, and frontline healthcare workers – starting in Indonesia with plans to expand into other hot zones like New York.

“Huobi Charity is working with the Indonesia-China Association of Economic, Social and Cultural Cooperation (ICAESCC), a local organization advancing bilateral relations between the two countries, to provide assistance to Indonesia as the country experiences a significant shortage of medical resources amid a recent surge in coronavirus cases,” Houbi said. “As the world’s fourth most populous country and Southeast Asia’s largest economy, Indonesia is a crucial battleground in the fight to slow the pandemic. In an effort to provide immediate relief, Huobi Charity is donating approximately $50,000 USD in Huobi Token (HT) to ICAESCC for the purchase and distribution of much-needed medical supplies to local hospitals.”

The charity will also be using its local exchange partner, Huobi Indonesia, to provide ICAESCC with further support. Huobi Indonesia developed a platform to provide a crypto-friendly option for local and international communities to support Indonesian hospitals and healthcare workers in need of medical supplies and proper protective gear. The platform will enable companies and individuals to make donations in both fiat and crypto, as well as supplies.

Huobi said that it is also currently in conversations with several hospital networks and universities in New York, which is now the epicenter of the US with over 83,000 confirmed COVID-19 cases.

“This pandemic is a global crisis that knows no borders. It affects everyone in every corner of the world, regardless of industry, socioeconomic status, or nationality,” said Ciara Sun, VP of Global Business at Huobi Group. “As a company that was built on the support of global communities who share our vision for a more equitable economy, we see this as our moment to give back and do our part. For the sake of the healthcare workers on the front lines and the millions of lives at risk, we need a concerted effort so we want to invite the broader blockchain and crypto communities to join us in our fight against COVID-19.”