Red Cross Develops Blockchain Credit System To Boost Disaster-Prone Communities

Blockchain, News | November 27, 2019 By:

Red Cross, an international humanitarian movement with approximately 97 million volunteers, members and staff worldwide, is developing a blockchain-based currency to enhance aid delivery and boost local economies.

Thomas Reuters Foundation reported on Tuesday that the Red Cross societies of Norway, Denmark and Kenya have launched a two-year effort to replace fiat currencies with a blockchain-based “local currencies.” The project reportedly aims to improve the use of $1 billion a year in aid distributed as cash and vouchers by the Red Cross.

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Ethereum Founder And OmiseGO Donate $1M USD In Crypto To Charity For Refugees

Announcements, News | March 30, 2018 By:

East Africa-based charity GiveDirectly has revealed that it has received a $1 million donation in OMG tokens from decentralized payment network OmiseGo and Ethereum founder Vitalik Buterin, who also serves as an advisor for OmiseGO.

Founded in 2009, GiveDirectly is a nonprofit organization operating in East Africa that helps families living in extreme poverty by making unconditional cash transfers.

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