The global crypto community is donating virtual coins to fund India’s fight against Covid-19

Indian regulators have never liked cryptocurrencies, but the crypto community is showing all its love for the country at its time of need.

On May 13, Vitalik Buterin, the founder of the world’s second-largest cryptocurrency ethererum, donated around $1 billion (Rs7,324 crore) to India’s Covid Crypto Relief Fund. This fund was set up by Indian cryptocurrency entrepreneur Sandeep Nailwal on April 24.

Buterin transferred 500 ethereums and 50 trillion meme coins shiba inu into the fund. Besides Buterin, Australian cricketer Brett Lee has also chipped in via the crypto route. The pacer donated one bitcoin (Rs40 lakh) to India’s Covid crypto relief fund on April 28.

India’s crypto Covid relief

The cryptocurrencies received by the fund are being converted to the Indian rupee to buy oxygen, food, vaccines, and other medical kits for the needy.

Crypto Enthusiast and Investor. I give regular market updates, trends and news regarding cryptocurrency. I use a variety of sources for my content.