Monday, April 22, 2024
HomeBlockchainCardano Foundation Partners With Rwanda-Based NGO to Launch ADA Charity Platform

Cardano Foundation Partners With Rwanda-Based NGO to Launch ADA Charity Platform

Cardano Foundation and a Rwanda-based non-governmental organization (NGO) known as Save the Children in Rwanda have partnered to launch a Cardano (ADA) charity platform.

According to the report, the partnership became a reality after Cardano installed a payment gateway that allows the digital token ADA donations to come directly to the project without the need for third parties.

Whale Alert

Read Also: Cardano Foundation Mints World’s First NFTA on Cardano to Celebrate Newly Launched Developer Portal

The report added that once received, the funds will be invested in African-based social enterprises with a proven impart on children, families, or youth.

$30,000 Worth of Cardano (ADA) Already Donated

The report further stated that 22,000 ADA worth relatively $30,000 has already been invested in the initiative within a few hours of its launch.

In a statement, Rwanda’s Save the Children director, Maggie Korde, highlighted how cryptocurrencies and blockchain technology can aid the development of schools and children in the country.

Read Also: Charles Hoskinson: There Are Thousands of Assets and Over $10M of NFTs Have Been Sold On Cardano

Maggie Korde noted:

“Through Cardano, Save the Children in Rwanda now has a starter pot of the cryptocurrency ADA which we can deploy to projects for children. But there are also countless possibilities through blockchain to firstly directly impact children’s lives through initiatives such as digital school records and secondly to increase our efficiency and transparency as an organization.”

Potential of Cardano Blockchain in Rwanda Emphasized Further

Also, a senior advisor at Save the Children, Ettore Rossetti, expressed her satisfaction regarding the partnership, stating that it has brought another exciting new path for the organization. She also discussed the potential of blockchain technology in the country and the rest of the world.

Read Also: Analyst: Ethereum (ETH), Cardano (ADA), Binance Coin (BNB) Have Capability for Bullish Momentum


Rossetti said:

“Beyond cryptocurrency contributions, what if blockchain technology could be used to make supply chains more efficient, transactions more transparent, and end world poverty through decentralized universal basic income as a form of unconditional cash vouchers? That would be a dream worth holding onto.”

Follow us on Twitter, Facebook, and Telegram

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Latest News & Articles