Cryptocurrency can actually make a difference by helping people

In Bitcoin (Bitcoin) Break the $50,000 barrier with The rise of the altcoin market, Cryptocurrency has never been more attractive to speculators. However, unless the money is spent, it is worthless to accumulate profits through trading. Fortunately, Charity organizations are waking up As the world accepts cryptocurrency, the possibility of cryptocurrency donation.for Blockchain entrepreneur Wendy OWhen a local gym was in danger, she knew to use encrypted Twitter to ask for help. The influencer used social media, her YouTube channel and Tik-Tok to make a call to save her beloved business.

Self Care Lab is a boxing gym located in Pomona, California, serving underprivileged and at-risk youths. The owner, Nita Watson, recently discovered that the ownership of the gym building had changed hands. She had only 30 days to free up and find a new home for the community she had built over the years.

Fortunately, Wendy O is a long-term client of the gym and a firm supporter of using physical fitness to enhance youthful vitality. Wendy used her blockchain enthusiasts, traders, entrepreneurs, and self-proclaimed “degraded” network to raise funds, not only to relocate locations, but also to upgrade all kinds of worn-out equipment.Although the gym’s Go Fund Me page has not yet reached its final goal, there are already enough fiat and cryptocurrency donations for safe A new location. Wendy O told Cointelegraph:

“This gym occupies such an important part of my life, I can’t imagine where I would be without it. It’s not just boxing, it’s about self-care and therapy. Many such children need such a positive place, Keep them focused and stay away from other less efficient activities. As someone who makes a living with cryptocurrency, I know I can count on my friends to step in and make a difference.”

However, innovation does not stop at allowing cryptocurrency donations.In order to attract the attention of the nascent blockchain art community, Wendy O successfully launched a series of Irreplaceable tokens (NFT) Thousands have been sold so far on the Theta blockchain. Two of the NFTs can be used for consultation meetings with Wendy O to inject some utility into the donation. In the decentralized asset ecosystem, bridging the gap between speculators and charities is a relatively new phenomenon, although it may become more popular as more celebrities in the field begin to use encryption for charitable causes . By avoiding payment operators, intermediaries, and third-party processors, you can receive more of each encrypted donation.

related: Put humanity before profit through NFT

Other projects have long accepted Bitcoin donations, including the Kessler Foundation and the American Dementia Association.Recently, the PAWS Animal Rescue in Chicago Start accepting donations In Dogecoin (dog). Although there is no NFT involved in the PAWS case, the appeal of using such popular canine-themed tokens to help dogs seems undeniable.

Recently, the blockchain department has been supporting the focus on Assisting humanitarian work in Afghanistan. With thousands of refugees searching for new homes around the world, non-profit organizations are stepping up their actions.Visualization value of consulting company Recently joined forces with CARE Sell ​​NFTs that meet the urgent needs of families.

related: Digital philanthropy: we can do better

Despite the impact of these donations, the convenience of cryptocurrency may eventually prompt more users to send funds. Generally speaking, traditional online donation methods include filling out lengthy forms, manually entering credit card information, and other steps to complete the donation. In contrast, for crypto investors who like to conduct blockchain transactions, sending BTC or Ether (Ethereum) Is second nature. In this case, instead of bidding for Penguin NFT, they are helping a just cause.

A casual glance at some posts on Crypto Twitter seems a bit strange. The timeline is full of random scams, various scams, traders celebrating their victory, and countless stories of people losing money due to bad trading behavior. Although this seems to be a rough crowd to outsiders, those who can walk through this space can find charity diamonds in rough places.

This article does not contain investment advice or recommendations. Every investment and trading action involves risks, and readers should research on their own when making a decision.

Caltoro Is a senior social media manager at Cointelegraph.

The views, thoughts, and opinions expressed here are only those of the author, and do not necessarily reflect or represent the views and opinions of Cointelegraph.