Blockchain technology continues to make its way into the traditional world as many businesses adopt it as part of their operations. Simultaneously with the push for its adoption comes the need for more education about the technology.
A new partnership announced on March 2 between blockchain network Polygon and Mercy Corps Ventures—the investment arm of humanitarian organization Mercy Corps—focuses on bringing blockchain education and opportunities to disadvantaged communities.
According to the announcement, The new association has three main goals in its effort to bring blockchain and Web3 solutions to “traditionally excluded and underserved communities.”
These goals include funding blockchain pilot projects that enable access to the financial system, blockchain hackathons with developers serving users in emerging markets, and creating a tour of blockchain boot camps in areas with a Mercy Corps presence. .
The partners believe these efforts can help “provide educational and information sessions for local educational institutions, NGOs [organizaciones no gubernamentales] and other organizations looking to improve operations through blockchain technology.”
Last month, Mercy Corps Ventures launched its Crypto for Good Fund II, which aims to launch a series of pilots using blockchain technology to drive global financial inclusion and promote climate resilience. The first iteration of the fund launched in 2022 with nearly 200 applicants.
In light of the recent earthquake that devastated parts of Turkey and Syria, Mercy Corps participated in a series of donations from the cryptocurrency community to help.
He reported that he had received 50/50 of the funds donated by cryptocurrency exchange Binance, which at the time was around $60,000 in total.
Thank you to the @Binance community for your support of those impacted by the devastation in Northwest Syria. https://t.co/F3FnLGf3m5
— Mercy Corps (@mercycorps) February 14, 2023
Thank you to the @Binance community for supporting those affected by the devastation in northwestern Syria.
Also, Ripple tweeted that it would donate $1 million worth of XRP (XRP) in light of the incident and singled out Mercy Corps as one of the recipients of the funds.
Mercy Corps answered to the donation in a tweet, thanking Ripple for supporting their teams on the ground in northwestern Syria. Cryptocurrency donations in times of crisis have recently been demonstrated as a way to amplify the speed and scope of funds needed.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.
