In response to severe flooding that has impacted the Valencia region, Binance Charity, the philanthropic branch of the cryptocurrency platform Binance, has donated $3 million to the Spanish Red Cross (Cruz Roja Española). This funding aims to aid immediate relief efforts, with a focus on providing essential resources and logistical support to affected communities.
The organization stated that this donation aligns with its mission to leverage digital assets in crisis response, marking a significant contribution to Spain’s ongoing recovery efforts. According to statements from Binance and Spain’s Red Cross, the donation will facilitate a range of emergency measures aimed at helping those who have been directly impacted by the floods. Javier García de la Torre, Binance’s general manager for Spain, expressed the organization’s commitment to supporting the community in Valencia.
“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,” the Binance executive remarked.
Meanwhile, Fernando Pérez-Ordoyo, head of international partnerships at the Red Cross, also conveyed gratitude for the financial support, emphasizing its importance in delivering immediate assistance to thousands facing displacement and loss. The Spanish Red Cross further extended its appeal to the broader public, opening additional fundraising channels for individuals wishing to contribute to the ongoing relief operations.
The organization noted that this influx of resources enables rapid mobilization to the most affected areas, providing essential supplies to residents as recovery efforts begin. Further updates on relief progress and additional ways to assist can be found on the Spanish Red Cross’s official platforms.