Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango.

Donated Funds to Target Small Businesses in the Communities of Ilopango, Soyapango, and Apopa

The digital currency exchange Bitfinex has detailed that the company is donating 36 bitcoin (BTC) worth just over $734K using current BTC exchange rates and 600,000 tether (USDT) to small businesses and communities in the Central American country of El Salvador.

Bitfinex said in a blog post published on Thursday that the BTC donations will be sent to the “recipients’ bitcoin wallets, including the Chivo wallets.” The $1.33 million in crypto assets will first be directed at three communities to support “a variety of projects and initiatives,” Bitfinex disclosed.

#Bitfinex has donated 36 $BTC and $600K in $USDT to help communities and small businesses in El Salvador