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 secure water and sanitation to individuals in want, the businesses introduced Monday. The partnership can be geared toward exposing Water.org to Crypto.com’s greater than 10 million customers, who’re additionally being inspired to donate to the undertaking.
Damon cited the continued 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 constructive transformation, and our revolutionary, monetary options will assist change lives and the world.”
Crypto.com has rapidly emerged as one of many fastest-growing digital forex platforms on the planet. 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 not too long ago 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 offer again to their communities. Charity: Water, which has the same mandate as Water.org, raised $1.3 million in June via 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 assets to start accepting crypto contributions.
Associated: Charitable sustainable NFTs for the United Nations’ 17 SDGs
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 undertaking.