Crypto Covid Relief Fund
The Crypto Covid Relief Fund, initiated in April 2020, is a blockchain-based charity initiative to provide COVID-19 relief across the world. It was founded by cryptocurrency entrepreneur John McAfee and his team at McAfeeDex with the goal of providing aid directly to those affected by the pandemic through crypto donations from around the globe. The fund seeks to raise awareness about how cryptocurrencies can be used for charitable purposes as well as help people financially during this difficult time.
How it Works
Donations are made using any major digital currency such as Bitcoin or Ethereum on either their website or via their mobile application (available for both Android and iOS). Donors can choose which country they would like their donation to go towards; all funds will be distributed directly into local charities helping victims impacted by COVID-19 . Funds will then be converted into fiat currency before being sent out in order that recipients may use them immediately without having to worry about exchange rates or other issues related to cryptocurrencies. All transactions made through McAfeeDex are protected under encryption algorithms ensuring complete security of donors’ money while also making sure that only legitimate charity organisations receive these donations.
Benefits
The main benefit of donating through Crypto Covid Relief Fund is transparency – all transactions are visible on an immutable public ledger meaning you know exactly where your money goes and who receives it. Additionally, due its decentralized nature there is no need for middlemen resulting in lower transaction costs than traditional methods such as card payments or bank transfers thus allowing more funds available per donor when compared with other forms of donation giving platforms. Finally, since funds donated can reach receivers almost instantaneously this means urgent needs could quickly addressed if required reducing suffering caused by delays associated with conventional banking systems worldwide..
