On Monday this week, the whole world saw a serious tragic incident before their eyes on multiple news outlets when historic Notre Dame Cathedral, which sits at the heart of Paris, France, caught fire while undergoing renovation and restoration – and completely destructed the monument’s spire and most of its wooden roof.
According to the French authorities, the structure of the 900-year-old Catholic Church famously considered as the symbol of rich heritage, incredible architecture, and art, is somehow still holding; however, sever vulnerabilities have been identified.
As of this moment, the actual cause of the fire has not been ascertained, though investigators said that initial investigation insinuates it seems to be an accident, that is possibly linked to restoration work.
In the wake of this devastating and grievous incident, the whole world has got together in sharing grief with the people of France and the Catholic community.
Restoration of the Cathedral and Crypto Industry
On April 16, the President of France, Emmanuel Macron addressed to the nation vowing to rebuild the historic Gothic monument “even more beautiful than it was” in coming five years. He said,
“We will rebuild the Notre-Dame cathedral even more beautiful than it was, I want that to be finalized in five years. We can do it.”
It is noteworthy that the initial budget approved for the restoration and renovation, before the fire, was about $170M (150 Million Euros) which may need to be increased to 450 million Euros now.
The France government launched a website on Wednesday, which is linked with four approved organizations to amass fiat currency donation to repair the twelfth-century Cathedral Church.
Predictably, the donation has already started to arrive from different parts of the country. Prominent French businessmen and companies, the likes of the family behind L’Oreal and LMVH, have already pledged a combined 600 million Euros. The crypto community also joined the cause of the restoration and launched campaigns to raise cryptocurrency.
Binance, the leading cryptocurrency exchange in the space, announced on Wednesday via its official Twitter handle that they are launching a donation program to help rebuild the Notre Dame cathedral.
The exchange’s CEO, Changpeng Zhao came forward urging the whole crypto industry to help rebuild the historical monument and prove to the entire world that Bitcoin can be a force for good.
As we write this, 61 donations have been recorded in Bitcoin (BTC), Ethereum(ETH) and Binance’s native token Binance coin (BNB), which equals to the total of 3.1816 Bitcoin ($16,752).
Blockshow, an international blockchain event backed by CoinTelegraph, also came forward with crypto charity initiative to assist the reconstruction. The announcement was made on April 15.
🇫🇷🆘We Announce a Fundraising Campaign for the #NotreDame Reconstruction
Every person that have donated here:https://t.co/d8tVAWRUh3 (fiat) or
Will Receive a BlockShow Ticket as a Gift🎟 pic.twitter.com/2LGqFbBzY6
— BlockShow (@BlockShowcom) April 16, 2019
According to the French Minister for Digital Affairs, Cedric O, there is no way proposed yet to receive donations in the form of cryptocurrencies directly, but, they are certainly open to discussing with crypto authorities, to allow contributions in digital currency to rebuild Notre Dame that meet their required criteria. In his own words:
“The same conditions would apply for digital currency donations as for traditional ones: there must be no commissions, information must be collected for tax deductions, and the money must find its way to the four approved organizations.”
It is apparent that the crypto industry’s drive for the of the historic Gothic Church rebuilding has started running slowly now; however, a successful campaign would go a long way in displaying the real value of cryptocurrency.
Image courtesy of Pixabay.
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