Bitcoin exchange Binance has announced the launch of the Binance Refugee Card for existing and new users in Ukraine who had to relocate to Europe due to the Russian occupation. This was reported to ForkLog UA by the company.

Cardholders will be able to make or receive cryptocurrency payments and shop in European Economic Area countries.

Kirill Khomyakov, Binance’s managing director in Ukraine, said that the Binance Refugee Card will allow Ukrainians to receive help from Binance and other charities.

Refugees who contact local nonprofits and apply for a Binance Refugee Card will be able to receive 75 BUSD per month for three months. Cryptocurrency will be automatically converted to local currency when paying by card.

To obtain a Binance Refugee Card, exchange customers can use an existing account registered in Ukraine or create a new account using their Ukrainian home address, even if they are currently residing in another European country. All users should do a full KYC check.

Recall that since the beginning of the war, Binance has allocated $10 million to resolve the humanitarian crisis in Ukraine, and the Binance Charity initiative has launched a fundraiser to help Ukrainian refugees and children.

The latter also announced a partnership with the Palianytsia Foundation, where it donated $500,000 for humanitarian aid to Ukraine.

Earlier, the head of the Ministry of Digital Development, Mikhail Fedorov, talked about plans to launch a Binance cryptocurrency card for Ukrainian refugees.