Charity and blockchain technology seem to be a match made in heaven as the latter provide more transparency and trust to the industry which is important since there has been a decrease of the People’s trust in charity organizations.
Governments around the world has been increasingly been interested in leveraging blockchain technology and digital currency for philanthropy but very few have implemented clear regulations towards the new asset class.
The British Virgin Islands has recently partnered with a blockchain firmed called Lifelabs.io to launch an alternative cryptocurrency-enabled payments infrastructure for residents in the territory to ensure that residents can continue to access essential goods and services in the event of humanitarian crisis.
In China the Chinese Ministry of Civil Affairs (MCA) has revealed plans to implement a blockchain as part of an overhaul of its charity tacking system.
In Venezuela blockchain technology and cryptocurrency was use to form a charitable event dubbed as Airdrop Venezuela which is set to enable direct transfer of $1 million in cryptocurrency donatons to the country’s citizens.
By leveraging the power of blockchain technology as well as cryptocurrencies charities need not anymore depend on a small but influential number of donors but can reach millions of people through the web.
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Headlines for the world of Cryptocurrencies - June 21, 2019
- Bitcoin Tops $10K For The First Time Since 2018
- Ethereum Classic Hard Fork To Launch On Sept 17
- Dip Before Mooning For Litecoin
- China’s Largest IT Developer Program Will Offer Blockchain Courses
- Gold Prices Rises Along With Bitcoin Prices
Headlines for the world of Cryptocurrencies - June 20, 2019
- YouNow Pursuing SEC-Compliant Crypto
- Circle K Convenience Stores Launch Bitcoin ATMs
- Lightning Network App Now Available For Mobile
- Big 4 Auditing Firm Launches New Tool To Audit Crypto Transactions
- Security Tokens Are The Future According To Coinbase And Overstock Executives
Headlines for the world of Cryptocurrencies - June 19, 2019
- Two Books Authored By Bitcoin Creator Appears On Amazon
- Bank Of America Wants A Cashless Society
- The Tech Department Of The Philippine Government Partners With Blockchain Startup
- Bitcoin Now 8th Largest Currency In The World
- Senate Banking Committee Wants To Know More About Facebook’s Libra Crypto
