Denmark to provide humanitarian aid via cryptocurrency

Denmark will become the first donor country to move money using cryptocurrencies
15 December 2017   1411

Yesterday the Danish Foreign Ministry published a report, in collaboration with think tank Sustania and blockchain currency platform Coinify, which investigates how blockchain technology might solve problems in providing development aid.

Crypto and crisis is a perfect match, and aid organizations will undeniably be able to respond more quickly using blockchain-based digital money, which arrives at email-speed, safely and transparently.

 

Marianne Haahr

Project Director, Sustania

One of Europe's biggest virtual currency platforms, Coinify, is working on using cryptocurrency payments to scale off-grid renewable energy.

You will be able to pay with your cryptos directly into a solar panel situated in, for example, an African village and then you would not donate money but electricity.

 

Mark Hojgaard

CEO, Coinify

Another option could be an online hub where people would donate to single projects like schools, railroads or bridges. Smart contracts would ensure that the money went to its intended project.

Binance Android App to Support CC Payments

Additionally, crypto-fiat exchange Binance Singapore was launched
25 April 2019   61

Binance has updated the application for the Android OS. Now users can buy cryptocurrency using their credit cards.

In particular, the feature of buying Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with your credit card is now available.

At the same time, the launch of the Binance Singapore crypto-fiat exchange took place. So far, only one trading pair is available to users of the site - BTC / SGD, but later in the listing other coins may appear.

Singapore users need not only to create an account, but also to link it to an account in the local Xfers payment service, which provides cryptowallet approved by local regulators.

It is noteworthy that earlier Xfers was a partner of Coinbase, when the latter launched its services in Singapore, but relations between the companies were terminated.