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In episode 114 of the Disruptors for Good podcast I speak with Joe Waltman, Executive Director of GiveCrypto and Product Manager at Coinbase on using crypto and blockchain technologies to deliver funds directly in the hands of the impoverished and the unbanked.
GiveCrypto is a nonprofit created by Brian Armstrong, the founder of Coinbase, to distribute cryptocurrency to people living in poverty. By using crypto and blockchain technologies, the organization put funds directly in the hands of individuals living in difficult circumstances around the world.
Join the world’s most trusted place to buy and sell cryptocurrency. Try Coinbase here. (affiliate link)
Examples we discuss on how GiveCrypto has impacted lives around the world:
According to Groundswell, there is substantial evidence that unconditional cash transfers are an effective way to help people. Distributing crypto is similar to transferring other forms of money to people. The organization expects many recipients will find ways to convert the crypto into their local currency. Some may transact crypto-to-crypto as well. It may also help spark economic growth by giving access to property rights and financial services on an open network. A great deal of work needs to be done to test these hypotheses and see what it most effective.
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