Fiat money, funds

04/07/19 10:24 UTC±0

Blockchain technology for charity: Binance vision

Binance vision of a blockchain for charity
Binance vision of a blockchain for charity

On July 4th, the official Twitter account of the Binance Academy received a message about using the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
for charity. In addition, Binance showed their own vision of using innovative technology for good deeds.

 

Binance and charity

According to information, cryptocurrency still has a long way to go to mass use in charity. Today, there are several popular blockchain organizations that accept crypto-assets. But the number of such enterprises is constantly growing.

Interesting in the section: Financial geography. How to live for cryptocurrency in Argentina

At the same time, philanthropists who intend to use cryptocurrency to make their contribution must be limited to several charitable foundations. Another option, according to Binance, can be a large donation to the crypto, after which the organizers of the charity event (the company) would have to think about opening a Bitcoin wallet for donations.

The main condition for the use of the blockchain in the field of charity is a completely truthful and transparent process of transferring and charging donations. In addition, according to Binance, cryptocurrency philanthropy has several advantages, including tracking every transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
, increased trust, global character and complete decentralization of donations, lack of taxation of donations.

How Binance sees blockchain technology for charity. Recall that on June 21, representatives of the Binance Charity Foundation reported that they supplied solar panels and school materials to 15 Uganda schools.

Editor: Godfrid Brower

See also: "Charity dinner with Warren Buffett was moved to San Francisco"

#charity #blockchain #cryptocurrency #philanthropy #cryptocurrencycharity #charitablefoundation #Binance #BinanceCharity

Comments

Similar

25/06/19 16:00 UTC±0

Trump's former adviser has admired Facebook's cryptocurrency

​On June 24, a former adviser to US President Donald Trump, Stephen Moore, admired the Libra cryptocurrency. This ex-adviser told in an interview for Yahoo and shared his positive impression of the payment system with the Consortium.

24/06/19 09:26 UTC±0

20 years in prison for the Coin Drop Markets financial pyramid

​In the evening, on June 21st, the organizer of the financial cryptocurrency pyramid, Patrick McDonnell, pleaded guilty in a court in the Eastern District of New York. The fraud called Coin Drop Markets has collected more than 200 thousand US dollars from investors.

22/06/19 09:00 UTC±0

Binance Charity Foundation equipped solar panels in Uganda

​On June 21, Binance Charity Foundation announced that it had supplied solar panels and school materials to 15 schools in Uganda. For the charity event, $170,000 were used, raised as part of the first annual Binance Poker Charity Cup organized by TronBet.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Fiat money, funds
Other