The Mexican cryptocurrency exchange, Bitso joined the crowdfunding platform Donadora to start a crypto-based donation system. The platform will help raise funds to buy food for the most vulnerable families affected by the COVID 19 crisis.
According to a report published on May 15 by El Heraldo de México, each pantry delivered is worth 150 Mexican pesos. You will have enough food to feed families of four to six members for a week.
Donation options include fiat currencies as well as various cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and XRP.
Cryptocurrency donations are becoming increasingly popular as a crowdfunding method
ANDThe local agency said that crypto donations are a very efficient method of crowdfunding. This is due to its decentralization and the fact that everyone in the world can participate in the initiative.
Bitso posted the following comments after the announcement:
“Donating through cryptocurrency wallets is easy, fast, and secure. Transactions are displayed in seconds. This makes them a very transparent way to ensure that your donation is received.”
Initiatives to combat COVID-19 continue to emerge in the crypto space
Cointelegraph reported another crowdfunding campaign launched in April by the Italian Red Cross. The campaign aimed to build an advanced medical post to combat COVID-19 in Italy. These efforts raised $ 10,000 in four weeks.
Several cryptocurrency companies have launched similar initiatives related to the COVID 19 pandemic crisis worldwide like Binance, BitMEX and the Stellar Foundation.
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