What Are DeFi Emergency Loans? DeFi emergency loans are short-term loans offered through decentralized finance platforms. They work without traditional banks or middlemen. Instead, users borrow directly from liquidity pools on blockchain networks like Ethereum, Polygon, or Solana. Here’s what makes them different: No credit checks Fast approval and transfer Global accessibility Collateral-based or undercollateralized … Read more
The Challenges in Traditional Disaster Relief When disasters happen, funding pours in from donors worldwide. However, managing these resources is often complicated. There are many reasons for this: Lack of transparency about where the money goes. Corruption and theft in the aid supply chain. Delays caused by multiple middlemen. Difficulty tracking donations in remote or … Read more
Binance Co-Founder Changpeng Zhao and Binance Charity, following the 7.7 magnitude earthquake, have leveraged cryptocurrency to facilitate rapid relief deployment in Myanmar and Thailand. The earthquake originated in Mandalay, Myanmar’s second largest city, and has caused widespread destruction and infrastructure damage. The same was the case in Thailand, as people felt the tremors in Bangkok, … Read more