Donate a Bit

Binance’s Charity Arm Rolls Out Blockchain Powered School Lunch Campaign


Binance’s Charity Arm Rolls Out Blockchain Powered School Lunch Campaign

The charity arm of the world’s largest crypto exchange, Binance, has launched its pilot blockchain-based lunch program in African schools, according to a blog post on Feb. 21.

Binance Charity Foundation (BCF) has rolled out its charity campaign “Lunch for Children” in the capital of Uganda, Kampala. According to the program, the organization is set to provide two meals a day during the full year of 2019 to more than 200 students and school staff.

The recently launched pilot in Uganda is a part of a larger campaign by Binance that intends to benefit one million students in schools across other countries such as Rwanda, Kenya and Ethiopia.

Based on BCF’s blockchain-based donation system, the campaign was first announced during Binance Blockchain week in Singapore last January, the blog post notes.

According to the press release, the distribution of donations officially kicked off at a launch ceremony attended by over 500 participants. BCF’s initiative partners, privacy-oriented blockchain firm Zcoin and Kenya-based non-profit organization Dream Building Service, also attended the ceremony.

According to the report, the Zcoin team and its major investors donated $24,000 worth of cryptocurrency to support the students and school staff at the Jolly Mercy Learning Center in Kampala, where the event took place.

Please visit: Cointelegraph for the whole story and backgrounds

Sharing is caring: