Crypto-mutual aid
Channel: KCN News
Date: 2017-11-14

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Digital currency for helping the others. Bitcoin and blockchain technology became more popular for charity. For example, the hurricane Irma that hit the Central and North America shores, people were willing to help victims. Many people helped the victims with cryptocurrencies. The popularity of cryptocurrencies may be explained thanks to the transparent nature of the currencies, now people may track how their help was spent. Michael Yeung, founder of Grace Token - a blockchain-based charity organization, said: “Surely you have seen numerous scandals in which charitable donations are used for personal purposes. It is very difficult to understand where donations are coming from, but the blocking and crypto currency can change this’’.

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