How Cryptocurrency and Web3 Are Reshaping Philanthropy | Binance Blog

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How Cryptocurrency and Web3 Are Reshaping Philanthropy | Binance Blog
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Transparency, accessibility and speed. All three have made crypto and blockchain technology perfect matches for philanthropic efforts around the world. Learn more ⤵️

Blockchain technology holds the promise to enhance the way we make the world a better place.

Digital assets have revolutionized the way we interact with money. However, it's not just investing and banking that crypto is disrupting — Web3 o is already proving to be a game-changer for the charity sector. Already, cryptocurrencies are increasingly used to provide fast, low-cost, borderless, and transparent financial aid to those in need. In contrast, traditional donation methods like bank transfers can be time-consuming and involve higher transaction fees.

Following the earthquake that hit Turkey and Syria earlier thus year, Kizilay opened its doors to crypto fundraising, joining many other major nonprofits that already accept donations — including UNICEF, Red Cross, Mercy Corps, CARE, Save the Children, and many more.

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