Thu. Jul 29th, 2021

    Cryptocurrency donations set to fund innovation hub in Rwanda to aid children

    Thousands of children in Rwanda will soon receive help from Save the Children but from an unusual source – cryptocurrency. Save the Children in Rwanda has embarked on a new project that aims to ensure the gains associated with blockchain reach the world’s most vulnerable children. The project, established in partnership with the Cardano Foundation, is the latest venture for the aid agency as it looks to new cryptocurrencies to help boost donations. Save the Children in Rwanda can now fundraise in Cardano’s cryptocurrency, ADA, having installed a Managed Account Service which allows ADA donations to come direct to the project without intermediaries. Over 22,000 ADA, worth nearly US$30,000, was donated through the system within hours of its launch.