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CEO of Coinbase Starts New Charity That Uses Cryptocurrency

The founder and current CEO of Coinbase announced the beginnings of a new charity project called Givecrypto.org.

Would you like to donate to a charity using cryptocurrency? Brian Armstrong who is the founder CEO of Coinbase thinks that should be an option for everyone. A new project called GiveCrytpo.org will offer this ability to anyone and better yet all of the money goes directly to the person in need. Armstrong says the new charity is geared towards situations where a person is in an emergency situation.

The cryptocurrency charity project is quite simple. People are able to give any amount of cryptocurrency, which is then moved by the site directly to the people or individual in need. There is no middle man involved with the charity, and so the person in needs retains all of what's donated.

Currently GoCrypto.org offers donations with Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP and Zcash.

See video below where Armstrong talks about the new charity in detail.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee