Helping the Unbanked
OmiseGO and Vitalik Buterin’s donation comes after many individuals in the cryptocurrency space have found themselves members of the newfound ‘crypto-rich’ community — often stereotyped as Lambo-buying millennials who’ve made fast fortunes from early cryptocurrency investments. The authors of the donation hope this newly-rich community will put their riches to good use.
In the official donation announcement, the philanthropists write:
The crypto economy has grown immensely over the last year, bringing a great deal of wealth to many people and organizations within the ecosystem. In part we simply see an exciting opportunity to share that wealth. We hope the fortunes made in the crypto space will lead not to extravagant lifestyles but to extravagant generosity.
OmiseGO has partnered with GiveDirectly to facilitate the donation, claiming both companies “share the view that providing alternatives to legacy systems can enhance accountability.” The authors note:
Refugees are a perfect population to serve …
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