How has crypto positively impacted people in need around the world? 👀 Crypto has supported many aspects of our everyday lives, including charities, farming, climate change, education, and so on. 💪 👉 Details:
Did you hear about the Dutch Bitcoin miner who’s using his mining rig to heat a local farmer’s greenhouse?
This rings especially true in times of crisis, as we’ve all seen in the ongoing situation in Ukraine. In spite of the mainstream media’s get rich quick take on crypto in the past year, cryptocurrencies and blockchain platforms made a big splash in the charity sector last year. This is seen in the recent humanitarian crisis for Ukrainian civilians affected in the conflict. The crypto community has rallied to the Ukraine government's call for aid for cryptocurrency donations. So far, over $10M in BTC and $5.5M in ETH has been received, all viewable on blockchain explorers.
Etherisc provides low-cost crop insurance to small farmers in sub-Saharan Africa who lack either the necessary ID or financial records to get an insurance policy from a traditional insurance provider. Etherisc’s insurance policies help farmers to protect their livelihoods from extreme weather through smart contracts that draw data from oracles to automatically pay-out to farmers if there’s an extreme weather event.in 2019 with help from Oxfam.
The Giving Block, a firm helping charities to accept and individuals to donate to charity in crypto, launched an independent Today, Celo’s reserve currently holds around $500 million in mixed crypto assets, 40% of which would allow it to buy and own $200M worth of existing and newly planted rainforest to back the Celo Dollar and Celo Euro stablecoins.
Of course, education records are just a drop in the ocean of crypto and blockchain’s potential, but Cardano’s mission in Ethiopia is yet more proof that crypto has amazing potential to improve the lives of people living in the developing world.In May last year, news broke that a prominent news service in Hong Kong called RTHK would begin erasing archived any and all news content over a year old, much of which was pro-democracy coverage and social media content from 2019.
The fact that pro-democracy protestors in Hong Kong successfully archived so much footage using blockchain shows that crypto is a vital tool in the fight against censorship and human rights abuses.Ever since early last year, crypto has taken some heavy hits in the headlines because of Bitcoin’s energy usage.have migrated to renewable energy sources to power their mining equipment, mostly solar and hydropower.
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