Crypto Exchange Binance Supports Fundraising for Restoration of France’s Notre Dame Cathedral

18. Apr 2019 Posted by Akolkar B on News

After the tragic incident on April 15, when the iconic Notre Dame Cathedral was caught in a huge fire, a number of big institutions have pledged millions for its restoration. However, the crypto community also seems to be affected with the incident.

The world’s largest cryptocurrency exchange Binance has come forward to support and hep the restoration of Notre Dame. On Wednesday, April 17, the official Twitter handle of Binance wrote:

“We call on our colleagues in the crypto space to show your support for our campaign to #cryptorebuildNotreDame #rebuildnotredame”.

Furthermore, the exchange has also created a charity portal wherein one can pledge their donations in BTC. On its rebuild NotreDame campaign page the exchange wrote:

“On April 15, 2019, fire broke out of the roof of the historic Notre Dame Cathedral in Paris, France, severely damaging the edifice and destroying valuable artworks and relics. It was a great moment of loss for culture, arts, and history shared by all humankind. Our thoughts and prayers are with Notre Dame in this tragedy”.

At the time of writing this story, total 53 donations have comes raising a total 3.13 BTC, amounting to $16,400 as per the existing Bitcoin rate.

Binance CEO Changpeng Zhao also backed this initiative through a separate tweet. With this initiative, Zhao wants to suggest that Bitcoin can be used for a better cause. He wrote: “If we can push crypto to the last mile of Cathedral building, it's the ultimate #adoption”.

Note that Binance is not the first from the crypto community to initiate the fundraising issue for Notre Dame. Hours after the tragedy took place on April 15, French crypto journalist Grégory Raymond launched a similar Bitcoin donation drive to raise money for the cathedral’s restoration.

Raymond noted that this was a good opportunity to show that: “Bitcoin can be an amazing way to send funds quickly, without borders and for a good cause”. Although, Raymond’s campaign couldn’t attain much traction, the effort itself is appreciable.

Not two forget, two French billionaires have pledged several hundred million Euros for the restoration of Notre Dame. Francois Henri-Pinault, CEO of Gucci and Balenziaga has pledged 100 million euros.

Similarly, Bernard Arnault - chairman of luxury-goods giant LVMH is contributing another 200 million euros.