Digital forex alternate Crypto.com has donated $1 million to water.org, a clean-water initiative co-founded by Matt Damon and Gary White in 2009.
The direct donation will go towards supporting Water.org’s mission of ending the worldwide water disaster by offering protected water and sanitation to folks in want, the businesses introduced Monday. The partnership can be aimed toward exposing Water.org to Crypto.com’s greater than 10 million customers, who’re additionally being inspired to donate to the venture.
Damon cited the continuing monetary transformation introduced on by cryptocurrency as one of many chief motivations for partnering with Crypto.com. “As our monetary options and platforms evolve, we are able to use them for good,” he stated. “Crypto.com and Water.org are each working towards optimistic transformation, and our revolutionary, monetary options will assist change lives and the world.”
Crypto.com has shortly emerged as one of many fastest-growing digital forex platforms on the earth. The corporate rose to prominence by providing its prospects a crypto-focused Visa card that pays out rewards for staking Crypto.com Coin (CRO), the platform’s native cryptocurrency. As Cointelegraph just lately reported, the alternate has expanded its insurance coverage program to cowl as much as $750 million, reflecting heightened shopper safety requirements within the business.
The cryptocurrency business has ushered in a brand new period of charitable gifting as its newly wealthy members look to provide again to their communities. Charity: Water, which has an analogous mandate as Water.org, raised $1.3 million in June by a Bitcoin (BTC)-focused belief. Crypto donations platform The Giving Block has additionally facilitated charitable contributions for dozens of organizations by offering them with the instruments and sources to start accepting crypto contributions.
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Many nonprofits opened their coffers to crypto donations within the wake of the Taliban’s takeover of Afghanistan in August. Crypto donations are additionally getting used to help suicide prevention, moral journalism and even a common primary earnings venture.