Rwandan NGO Partners Cardano in Launching ADA Crypto Charity PlatformAfter announcing a partnership agreement, Save the Children in Rwanda and the Cardano Foundation, Save the Children in Rwanda became the latest NGO to endorse cryptocurrency.

According to a statement, this arrangement was made possible by Cardano, who “installed a Payment Gateway that allows ADA donations directly to the Project without intermediaries.” The funds will then be “invested into African-based Social Enterprises with a proven impact upon children, families, and youth.”

According to the statement, the system has already received donations of nearly 22,000 ADA (or US$30,000) within hours of its launch. Maggie Korde is the Save the Children country director in Rwanda. She describes how cryptos, and blockchain technology, can benefit schoolchildren from the country. She stated:

Cardano allows Save the Children in Rwanda to have a starting pot of cryptocurrency ADA that we can use for projects for children. Blockchain offers many possibilities to directly impact the lives of children through digital school records, as well as to improve our organization’s efficiency and transparency.

Save the Children: A New Path

Ettore Rossetti, senior advisor at Save the Children also praised the partnership. She said it has opened up a new “exciting path” for the organization and also discussed other solutions made possible by blockchain technology. Rossetti stated:

“By using blockchain technology, you could make supply chains more efficient and transactions more transparent. You could also end world poverty by decentralized universal basic income, which is a form of unconditional cash vouchers. This would be a dream to hold onto.

Save the Children was founded more than 100 years ago. It claims to have reached over one billion children. Save the Children claims it was the first global non-governmental organization to accept bitcoin donations from well-wishers. These donations were used for the funding of the response to Typhoon Haiyan, which struck Southeast Asia in 2013.

The Rise of Crypto Donations

Save the Children is not the only NGO that has received donations in digital currency. Give Well also started accepting cryptocurrency donations in December 2017. India’s Crypto Covid Relief Fund is another NGO that has received Shiba Inu tokens in the number of millions of dollars from Vitalik Buterin. Because crypto donations offer unprecedented transparency and accountability in funding, UNICEF is accepting them.

Save the Children in Rwanda has recently joined the Kumwe Hub to promote innovation and investment in Africa. This initiative will pilot projects such as digital IDs for refugees and academic records for children crossing border borders.

Source: NaijaNGR

LEAVE A REPLY

Please enter your comment!
Please enter your name here