It is the Season of Giving! Binance Charity is Giving Back with TravelBit's Partnership

Drishti Bhagat   Dec 17, 2019 07:45

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Christmas is around the corner. In the spirit of giving back to the community, Binance Charity is continuously working to build blockchain-based solutions to resolve issues on social problems and the opportunity for people to get out of poverty. A widely discussed advantage of blockchain technology is how charities can show more transparency with the donations they receive. Hence, the partnership between TravelBit and Binance Charity will allow travelers to donate to the ‘Binance Lunch for Children’ project while booking flights or hotels on the TravelBit website.


Helena Hai, the head of Binance Charity, states, “We are very pleased to have TravelbyBit’s support to the vulnerable people via our blockchain-based charity solution, Donations through the platform will be ensured with full transparency, accountability, and direct reach to end recipients. Technology should work for people; the collaboration with TravelbyBit is demonstrating the industry’s effort to use technology to shape a future that works for all of us by putting people first and empowering them.”


In addition to this, Caleb Yeoh, the CEO of TravelBit, affirms that “Permissionless cryptocurrencies like Bitcoin provide anyone with the basic right to transact freely. TravelbyBit is one of the first online travel booking platforms that provide travelers with cryptocurrency payment options, introducing a solid use case for the digital asset…” 


Just before this announcement, a similar partnership was formed between Coinbase and DustAid to allow crypto users within the UK to donate to charitable organizations, read more about it here


Image via Shutterstock

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