Binance Charity is taking action to support affected residents in Bahia Blanca, Argentina, following the devastating floods.

The organization is providing BNB token vouchers worth up to $100 USD to registered Binance users in the region who completed proof of address (POA) verification before March 18, 2025.

Binance Charity, the charitable arm of cryptocurrency exchange Binance, is providing BNB token vouchers to registered Binance users in Bahia Blanca, Argentina, who are affected by the recent floods. The initiative is part of broader efforts by the exchange to help residents in the region cope with the devastating impacts of the floods.

The Facts

The exchange’s CEO Richard Teng made the announcement on social media platform X today. According to the post, eligible users will find their token vouchers available in their Rewards Hub. The vouchers will be valued at up to $100 USD.

Announcing a program to provide some support to Binance users in Bahia Banca, where heavy rains & flooding have caused severe challenges for residents, disrupting daily life & causing significant damages.

Those who completed the Proof of Address (POA) before March 18 will receive a token voucher in their Rewards Hub.

For those who have not completed the POA before March 18, Binance Charity is extending support by allowing users to carry out the POA (which will grant them $25 in BNB token vouchers) between March 18 and April 1. The program will begin distributing the funds on March 28.

The initiative showcases Binance Charity’s dedication to harnessing cryptocurrency as a means to provide timely and efficient disaster relief. In the wake of natural disasters, traditional banking systems can become congested and slow, delaying financial assistance to those in urgent need.

Cryptocurrency offers a swift, low-cost, and transparent solution for delivering aid directly to the impacted individuals, ensuring that the funds reach them quickly and effectively. This aligns with Binance's broader commitment to global humanitarian aid and community support.

The crypto lender has previously assisted communities in Brazil, Mexico, Ukraine, Turkey, Libya, Morocco, Taiwan, and Italy during times of crisis.