Mexican Bitcoin Exchange Bitso is Raising Cryptocurrencies for Earthquake Charities in Mexico

Mexico is having an unfortunate time with catastrophic earthquakes that took place over the past two weeks killing hundreds of people. According to the trading platform Bitso’s recent blog post, the startup is asking for donations in BTC, XRP, and ETH in it’s “Bitcoin Aids Mexico” fundraiser. Bitso says the donations will be sent to the Mexico-based Red Cross center and the local earthquake rescue crew Brigada de Rescate Topos Tlaltelolco A.C.

“Unfortunately Mexico has been hit with another devastating earthquake. Please support Mexico by making donations via BTC, ETH, or XRP,” explains the Bitso exchange.

Bitso plans to withdraw the funds once a week over the course of the next month and will confirm the donations went to the right places with official central bank receipts. The announcement follows the company’s ongoing charitable effort to help victims of the September 7th earthquake; which destroyed much of the country’s infrastructure.

The Mexican trading platform says the size of the donation doesn’t matter and the company started the charitable pot by donating MXN $50,000. However, Bitso says the company cannot make user contributions tax deductible. “Mexican Pesos will be transferred on behalf of third parties according to Mexican law LISR artículo 35, and the following TIN XAXX010101000 will be used in order to generate the corresponding payment as ‘General Public Invoice,’” explains Bitso VP, Jose Rodriguez.