It’s time for the philanthropic sector to embrace digital currencies
Such principles as decentralization and tokenization will enrich the nonprofit and charitable sectors via accepting donations in crypto. The amount of cryptocurrencies on the market has skyrocketed from 500 in 2014 to nearly 7,000 only seven years later in October 2021. A reported 14% of people in the United States — which roughly equals 21.2 million people — have purchased some form of cryptocurrency, with more than 300 million crypto owners estimated worldwide. It’s clear: Cryptocurrency is here to stay, and its path to global recognition and success has only just begun. I have shared....
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Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud. Kenya’s Embrace of Crypto Slow, Exchange Reps Point to Need for Legislation George Mwakisha, the business development manager at Binance Kenya, says the country can reap the full benefits of digital currencies if it moves to pass the relevant legislation, local....
The new blockchain solution created by Ant Financial will bring in transparency and accountability to philanthropic organizations and charitable institutions. The Chinese billionaire entrepreneur, Jack Ma has forayed in the digital currency technology arena. Ant Financial, one of the affiliates of Jack Ma’s Alibaba Group Holding Limited (NYSE:BABA)has been working on implementing blockchain technology in the non-profit and charity sector to bring in transparency and accountability. The blockchain solution developed by Ant Financial is being used by Alipay to record all incoming....
The Argentine Masonic Grand Lodge is the first freemason affiliation to utilize Web3 technology in a philanthropic NFT collection. The Argentine Grand Lodge of Free and Accepted Masons is jumping into nonfungible tokens (NFTs), but with a philanthropic twist. The secretive society is releasing 77 digital art NFTs under the name CryptoMasons, with profits going back to local charities supported by the chapter. According to the announcement, it is the first official NFT project supported by a local Grand Lodge. A Masonic Grand Lodge is the governing entity of a given fraternal freemasons....
Cadbury Gems proceeded into the world of Non-Fungible Token (NFT) collection through their new campaign. The campaign is called the Junior NFT campaign. The chocolate manufacturing company has decided on a blockchain collaboration with a philanthropic purpose. The blockchain platform, GuardianLink will be working to convert the artwork made by children across the country into […]
Insurance markets embrace Blockchain, a team of Blockchain experts offers consultation - this is one side of the CT London Scene Roundup, the last one this year. There’s also a funny side, as Nick Ayton spots Satoshi again and speaks with an old lady trapped in a Bitcoin mine. Insurance sector gets hot. The insurance sector has begun to realize that Blockchain is a great match for reinsurance and that smart contracts lend itself to the complexities of offsetting risk and managing multiple parties, each with a role to play and financial interest in getting it right the first time. ChainThat....