Japanese Crypto Firms Help Earthquake Victims with Crypto Donations
Several major crypto firms in Japan are creating donation platforms to assist those affected by the Noto Peninsula earthquake. According to CoinPost, crypto donors have already given millions of yen worth of tokens to charities supporting earthquake victims. One of the firms involved is HashPalette, which is part of the HashPort Group and a member of the Japan Crypto Asset Business Association (JCBA). They convert donated cryptoassets into Japanese yen, excluding gas and taxes, and donate them to the Central Community Chest of Japan’s relief fund. Other blockchain networks, including Palette, TRON, Cardano, Polygon, Neo, Qtum, Mask Network, and IOST, have also set up donation channels.
#web3prayforJapan Campaign
A campaign called #web3prayforJapan has been launched by HashPalette and other organizations to raise funds for earthquake victims. The earthquake caused significant damage on January 1, resulting in tidal flooding, landslides, aftershocks, and fires. The death toll has reached over 60 people so far. The affected areas will take years to rebuild. NEMTUS has initiated another campaign that accepts donations in Symbol (XYM) and NEM (XEM) networks as well as Japanese yen. They are also considering accepting payments in Bitcoin (BTC) and Ethereum (ETH). Astar Foundation, Startale Labs, and Oasys are among the other firms that have launched similar campaigns.
Crypto Donation Platforms for Global Charities
Crypto donation platforms have gained popularity since the outbreak of war in Ukraine in February 2022. Charities worldwide have started accepting donations in BTC, ETH, and other altcoins. These platforms provide a convenient way for crypto holders to contribute to various causes globally. The involvement of Japanese crypto firms in supporting earthquake victims showcases the increasing adoption and recognition of cryptocurrencies as a means of charitable giving. By leveraging blockchain technology, these platforms ensure transparency and accountability in the donation process, allowing donors to track the impact of their contributions.
Hot Take: Japanese Crypto Firms Lead the Way in Disaster Relief Efforts
Japanese crypto firms are setting an example by utilizing crypto donations to support earthquake victims in the Noto Peninsula. These initiatives demonstrate the power of blockchain technology to facilitate transparent and efficient charitable giving. By converting cryptoassets into Japanese yen, these firms ensure that funds can be directly used for relief efforts. The use of cryptocurrency also enables global donors to contribute easily, overcoming geographical barriers. As more charities and organizations embrace crypto donations, we can expect to see increased support for disaster-stricken areas and other humanitarian causes worldwide. This trend highlights the growing acceptance and integration of cryptocurrencies into mainstream philanthropy.
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