Binance Charity Foundation Signs MoU With Ugandan NGO Safe Future for Local Education Benefits

The charity branch of the most important crypto exchange in the world, Binance Charity Foundation, has recently decided to sign a Memorandum of Understanding (MoU) with a non-governmental organization (NGO) based in Uganda named Safe Future. The NGO is focused on improving the local education in the country.

This new partnership was originally announced yesterday on the Binance blog after the document was signed. The partnership will be a part of the Binance for Children Special Impact Education Project Uganda.

By uniting with local companies, the idea of this project is that the funds raised by the crypto exchange will be used in order to buy and install several upgrades to the schools such as sanitary pads, LED screens, solar panels, school supplies and food to be used in launch and breakfast for the students.

The money to buy the goods will be the responsibility of the exchange and the local NGO will oversee how the money will actually be spent locally for the schools that need it the most.

Safe Future’s CEO Mula Anthony has affirmed that over 100,000 students will have their lives improved by being a part of this project, which is set to be made in at least 160 schools of the country.

According to Anthony, the project is already underway at the moment. He has spoken about it on social media and affirmed that the people from the NGO have already started the installation of lightning kits on two schools based on the region of Kampala so far.

Soon, it is expected that the project will move forward and all the 160 schools will eventually receive the material, so the signing of the MoU was a huge first step in order to turn this into a reality.

About The Binance Charity Foundation

The Binance Charity Foundation is a charity organization that was created by Changpeng Zhao, the CEO of Binance, last year. The goal is to use the money from donors in order to help especially children in poor countries.

In the future, the main goal is to be able to help at least one million students in African countries such as Uganda, Kenya, Rwanda and Ethiopia.

Before now, the foundation was already engaged in the Launch for Children project. This project had the goal of providing breakfast and lunch for kids at school in the Kampala region. At the time of this report, 10 schools from Kampala and Jinja are already participating in the project.

During April, the foundation also opened a channel that would be used in order to donate money to the reconstruction of the Notre Dame cathedral. As you may have seen on social media, the famous cathedral was severely burned after a fire started there and the fireman had difficulties to stop it quickly.

The program was called Rebuild Notre Dame and it received money via crypto donations with Bitcoin, Ethereum and Binance Coin.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Kraken's Crypto Facilities Becomes UK's First FCA Approved Futures Exchange

Crypto Facilities which is also known as Kraken Futures has announced that it has received approval to start derivatives trading services mostly to institutional...

Binance to Supports Ontology Network 2.0 Upgrade Tomorrow; Swap NEP5 ONT Tokens Today

Binance is supporting the upcoming Ontology 2.0 network upgrade planned for Tuesday of this week. The top crypto exchange stopped the deposits and...

Crypto Market Bounces Back by 44.5% in Q2 As BTC Gains 78% Since Black Thursday: CoinGecko

The market cap of cryptocurrencies has grown by 44.5% within Q2, according to the first quarterly report by CoinGecko. In addition to this, Bitcoin's price...

DApp Q2 Market Report Shows Massive DeFi Impact in The Decentralized App Ecosystem

The DeFi realm has registered tremendous growth in the past quarter (Q2) with some products posting some impressive figures. $4.9 Billion was channeled through...

VaultAge Solutions CEO Declared Bankrupt After Scamming Crypto Investors Out of Over $13M

Willie Breedt, chief executive officer of the crypto investment firm, VaultAge Solutions, has been declared bankrupt, who is currently on the run after defrauding...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today