◆I think everyone has heard the name of "Coinbase"which is an currency exchange platform,recently their CEO has launched a new Cryptocurrency on their platform .
◆Brian Armstrong, the CEO of digital currency exchange platform Coinbase, has launched a new charitable cryptocurrency fund called "GiveCrypto."
Why they launched it?
◆This nonprofit fund amis to directly donate cryptocurrency to the unbanked and financially empower peoples around the globe.
◆Their Aim is to rise $10Million by this year end and $1billion by 2020.
◆The fund for this new crypto has already raised $3.5million from two key person i.e Brian Armstrong (CEO :-Coinbase) & Chris Larsen (Co-founder:- Ripple each.
Brian Armstrong [CEO :- Coinbase ]
Chris Larsen [Co-founder :-Ripple]
◆Other who has donated to raise the funds are
1]
Cryptocurrency Mining ganit "Bitmain"
2]
Venture Capitalist Fred Wilson
3]
Venture Capitalist Ron Conway
4]
Ripple CEO Brad Garlinghouse
5]
ZCash CEO Zooko Wilcox
◆They each has donated above $100,000
◆GiveCrypto will begin donating once it raises $10 million.
◆Armstrong said, "With distribution of aid to foreign countries, high fees and corruption are unfortunately common; cryptocurrency is a way of circumventing both. It can be used to send money anywhere, in real-time directly to an individual—they just need a mobile device with an internet connection."
What do you think about this new crypto let me know in the comment section below
