Crypto Exchange Huobi’s Charitable Arm And UN-Sanctioned NGO Launch Joint COVID-19 Charity Campaign

News | May 19, 2020 By:

Huobi Charity, in partnership with non-profit international organization the Finance Center for South-South Cooperation (FCSSC), has launched a 15-day charitable campaign to raise $143,000 in crypto donations to supply Africa, Southeast Asia, and Latin America with personal protective equipment (PPE). The new campaign comes as global confirmed coronavirus cases exceed 4 million.

Huobi Charity, the charitable arm of crypto exchange operator Huobi Group, said that the joint initiative aims to provide much-needed medical supplies and PPE to frontline healthcare workers and residents in countries located primarily in the Southern Hemisphere across Africa, Southeast Asia, and Latin America. The charity campaign aims to raise enough funding to supply between 300,000 and 500,000 face masks to affected regions.

“The region’s relatively fragile healthcare infrastructure poses a grave risk as the pandemic spreads, and rural areas have overloaded healthcare systems that are ill-equipped to deal with an influx of COVID-19 cases,” Huobi said.

To kick off the charity campaign, Huobi has contributed 17,711 Huobi Token (HT), worth an estimated $69,000 — nearly half of the target raise. Over the next week, Huobi will leverage its network and blockchain community to help raise the remainder. FCSSC will provide operational and logistical support to ensure medical supplies are sent to the areas and regions with the highest need.

“The new coronavirus epidemic has become a global problem and needs to be addressed by all countries,” said Wu Zhong, Director General of FCSSC. “It is a beneficial attempt and exploration to apply blockchain technology to international public welfare cooperation and supervision.”

Ciara Sun, Head of Global Business at Huobi Group, said that the COVID-19 is an unprecedented health crisis that requires global collaboration across private and public sectors.

“As a leading global digital asset and blockchain institution, we want to do our part and rally the crypto and blockchain community around a global cause that can help save thousands of lives,” Sun said.