Crypto can be volatile and risky to some, but it can also be a force for good. Here's how digital assets can support humanitarian campaigns in times of catastrophe. (Via CointelegraphZN)
She clarifies further that to make it happen, multiple players from all over came together: “This is between Celo, based in California; Polish Humanitarian Action, based in Poland, with some offices in Somalia; and the implementing partner in rural Kenya, and Maasai women who are building rural infrastructure, building dams to conserve water, so that they can start to increase their agricultural output.
Although there can be a high technical barrier to entry into the crypto space, such as access to the internet and cell phones and the need for technological literacy — things currently inaccessible to the program’s participants — Pennotti believes this exchange is pretty straightforward for the women who are participating: “On the back end, there’s a whole bunch of really incredible things happening. But in her experience, CARE is able to hand her a card, and she gets what she needs.
Badenoch believes that “This is the next iteration of our work in our collaboration with important players in the cryptocurrency and blockchain ecosystem.” He adds further: Progression out of poverty, or the risk-prone situation that has exposed them to poverty, is the primary objective. Emerging Impact hopes to eventually segregate wallets, still attaching them to payment cards but also to payment apps and individual savings accounts.
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