see
https://decrypt.co/9966/bitcoin-cryptocurrency-adoption-ngo-chaarity-report
The real question is whether the NGOs immediately sell their crypto for fiat, or whether they then use it to buy services in the target sector using crypto. lf they did the latter, then adoption would soar in places like Africa.
https://decrypt.co/9966/bitcoin-cryptocurrency-adoption-ngo-chaarity-report
Quote
The number of charities accepting crypto donations has doubled in North America, Europe and Australia, says the 2019 Global NGO Technology Report.
But the numbers are still small. While the number of charities accepting crypto donations has doubled in North America, Europe and Australia, cryptocurrencies still form only 2 percent of total donations.
Africa has the largest amount of NGOs accepting crypto with 5 percent, Asia follows with 4 percent, while Latin America trails with 1 percent.
But the numbers are still small. While the number of charities accepting crypto donations has doubled in North America, Europe and Australia, cryptocurrencies still form only 2 percent of total donations.
Africa has the largest amount of NGOs accepting crypto with 5 percent, Asia follows with 4 percent, while Latin America trails with 1 percent.
The real question is whether the NGOs immediately sell their crypto for fiat, or whether they then use it to buy services in the target sector using crypto. lf they did the latter, then adoption would soar in places like Africa.
It shouldn't just be limited to receiving donations.
I think that where NGOs can really benefit is if they can somehow partner up with a big blockchain firm to provide banking access to disadvantaged groups, especially in countries where the banking system is severely underdeveloped. I remember the case study of M-Pesa IIRC a while back that worked fairly well.
That way, these underbanked and unbanked people can access the global forex and labour markets (if they have the necessarily means to doing so) with the help of cryptos at a low cost, and an internet access may not even be needed through a third party SMS wallet service.
