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While the realm of cryptocurrencies and decentralisation is all about making the world a better place, there is one cryptocurrency company out there that is focusing on philanthropy more so than many others, Electroneum. This special news post has been dedicated to discussing these charitable ventures in more detail in order to draw attention to these efforts.
Electroneum as a project is known functionality-wise for their heavy mobile emphasis and this has made them a favourite among traders looking to eliminate the need for a bank account and instead hold and manage their funds directly on their smartphone.
While this is a handy use-case of the Electroneum token which is currently ranked just outside the top 100 on Coinmarketcap, Electroneum as a company has their eye on the bigger picture globally. Specifically, through their heavy precedence on charity, by helping millions of people out there who are unbanked.
This is, in fact, part of the company’s core business focus, which is why they currently have projects focused on helping the less fortunate across the globe. Let’s take a look at just three of the projects they have in operation in various countries.
This is an online freelance project and a free non-profit eLearning website (known as TaskSchool) that aims to help hundreds of millions of people across the world learn new skills and then implement them to generate an income.
All users need is a smartphone and the Electroneum app and the company will connect those with a skill to those who are looking for skilled individuals. This will cost nothing on the seller’s part and just 5% commission from those who buy products. With the main focus being to bridge the gap between these individuals and the global economy and give connections to people in these situations that they otherwise wouldn’t have.
Electroneum is also closely involved in various third party projects. One of which is the WONDER Foundation: a UK-based organisation that aims to help underprivileged women across the world in places like Europe, Africa, Asia and Latin America. WONDER Foundation’s vision, as per Electroneum, is to “end the cycle of poverty in the developing world by providing long-term assistance to tens of thousands of children, single mothers and their families.”
Already, the long-established NGO has set about improving the lives of tens of thousands of women by aiding them with education and the tools they need to help improve their station in life. While over time this has seen the organisation visit areas of poverty, it has also provided special attention to areas that have needed extra attention due to natural disaster. Notably, this was the case after Typhoon Haiyan in the Philippines when they helped 15,000 people who were affected by the disaster.
Together, the two companies are hoping to further these existing ventures with the established work that WONDER does and which helped spur Electroneum’s decision to work with them. Richard Ells, Electroneum’s CEO explained that “When we heard of WONDER Foundation and the amazing work they do on a global scale, we researched them and found they share our vision to help people live more.”
Electroneum also recently joined forces with another organisation, Project Child, which, as is the case with their own AnyTask project, works to provide education. In their case, this is to children in Indonesia. This landmark partnership was a world-first as no Indonesian based charity had ever partnered up with a blockchain firm in the past.
As part of the partnership, Electroneum will be making donations to Project Child to help further their existing activities in the countries which focus on three main areas:
Project Child, this impact has already been felt with them saying that Electroneum’s
donation “has helped us fund our volunteer engagement and development
activities, promoting volunteerism among Indonesian youth, and prepare them to
be the spearhead of our efforts to bring drinking water and alternative
education for Indonesian children.”
Of course, these are just three of the projects from their charitable endeavors and there are many more. Notably, a pre-existing partnership with Ubuntu Pathways – which predates their dealing with Project Child – and activities in South Africa and Brazil. In the former, ETN is being used to buy bread, milk, coffee sugar and other daily essentials. However, this is just the situation now and you can expect plenty more charitable activities coming from the project in 2020 and further into the future also.