Tether and Bitfinex decided to donate $1 million in Bitcoin to families in El Salvador affected by the ongoing gang murders.
Cryptocurrency exchange Bitfinex, in collaboration with USDT issuer Tether, recently launched a digital asset fund and donated over $1 million in bitcoin to assist families in El Salvador affected by the ongoing gang violence in the country.Bitfinex chief technology officer Paolo Ardoino revealed that the company teamed up with Tether to support El Salvadoran families who have been hit by the violence perpetrated by “pandillas” – a Spanish word for “gangs” – in the Central American country.
Ardoino also urged people to make crypto donations, while stating the firms will partner with the local government and community groups to ensure that the donations will be fairly distributed under strict monitoring.
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