Myanmar Earthquake Relief Efforts Rely on Cryptocurrency Funding

Bitcoin Is Needed To Raise Funds In Myanmar For Earthquake Relief

By: Forbes Digital Assets

April 9, 2025

A devastating earthquake struck Myanmar on April 6, leaving a trail of destruction and loss of life in its wake. As the international community rushes to provide aid to the affected regions, a unique challenge has emerged: how to raise funds in a country where the financial system is largely cash-based and traditional payment methods are unreliable.

Enter Bitcoin, the decentralized digital currency that has been gaining traction in Myanmar in recent years. According to local cryptocurrency exchanges, the demand for Bitcoin has surged in the wake of the disaster, as people seek to send and receive aid in a secure and transparent manner.

"We're seeing a huge increase in the demand for Bitcoin in Myanmar," said U Aung Kyaw, CEO of Myanmar's largest cryptocurrency exchange, MyanmarCoin. "People are using Bitcoin to send aid to their loved ones in affected areas, and we're working with local organizations to ensure that the funds are being distributed efficiently and effectively."

One of the key challenges in raising funds for earthquake relief in Myanmar is the country's limited financial infrastructure. The traditional banking system is underdeveloped, and many people do not have access to bank accounts. This makes it difficult to transfer funds to affected areas, as traditional payment methods such as bank transfers or credit card payments are not feasible.

Bitcoin, on the other hand, is a decentralized currency that can be sent and received online, without the need for a traditional financial institution. This makes it an attractive option for people looking to send aid to Myanmar.

In addition to its ease of use, Bitcoin is also attractive because of its transparency and security. Transactions on the Bitcoin network are recorded publicly on a blockchain, which allows for real-time tracking of funds and ensures that the money is being used as intended.

"We're seeing a lot of interest in Bitcoin from international donors and organizations," said U Aung Kyaw. "They're attracted to the transparency and security of the Bitcoin network, and the fact that it's a decentralized currency that can be used to send aid to affected areas without the need for a traditional financial institution."

As the international community continues to respond to the disaster in Myanmar, Bitcoin is emerging as a key player in the relief efforts. Whether you're an individual looking to send aid to affected areas or an organization looking to make a donation, Bitcoin is an attractive option for those looking to make a difference in the face of disaster.