Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26.
Help2kids provides food, healthcare, and education to children in both Malawi and Tanzania, with 750 kids in the help2kids network in Tanzanian capital Dar es Salaam.
KryptoPal will set up a public key and go through Know Your Customer KYC guidelines and background checks for each help2kids project.
The year-long pilot program for crypto donations with help2kids will allow all funds to be traceable, allowing donors to track their donations “until the actual usage of the funds on site in Africa.” The press release notes that the eventual goal is to expand the pilot to Asia and South Africa.
Frank Hakenjos, the president and founder of help2kids, said that accepting crypto donations could allow them to: “[Reduce] our overhead costs by 10 percent, which allows us to send 90 percent of our donations to the children in need.” Cryptocurrency donations are available for a variety of charities across the globe.
As the halving approaches, Bitcoin mining firms are strategically relocating their operations to regions with lower electricity costs (i.e., Ethiopia, Nigeria).
The Bank of Tanzania said that it is planning on reversing its previous ban placed on cryptocurrency after the Tanzanian President asked the country to prepare for the adoption of crypto. Bank of Tanzania Looks to Lift Crypto Ban According to Reuters on Friday (June 25, 2021), Tanzania’s central bank is working on the directiveRead More
The Central Bank of Tanzania is now doing its homework to find new ways through which the country can embrace cryptocurrencies, and thus overturn its earlier limitation on cryptocurrency activities in the country.
Tanzania’s central bank is looking to reverse its decision to ban cryptocurrencies in the country following President Samia Suluhu Hassan’s directive.
The post Tanzania Plan Crypto Ban U-Turn Following President’s Directive appeared first on BeInCrypto.
In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, as per local outlet The Citizen.
Bitcoin and crypto adoption was all over the place last week and it seems like the trend might continue this week as well Following the recent events of El Salvador’s President Nayib Bukele announcing the acceptance of Bitcoin as a legal tender, this has sparked a domino effect of other Central and South American countries […]
