A Look into Electroneum’s Charitable Program

A Look into Electroneum’s Charitable Program

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

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.

AnyTask

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.

WONDER Foundation

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.”

Project Child

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:

  1. Practical health focusing on the environment and disaster education
  2. Creating a holistic learning experience
  3. Volunteer engagement – all of which help to make a better life for children in the country

According to 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.”

More Happening and More to Come

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.

Recently Similar News

Latest Guides

Latest News

Bitcoin,eToro,Trading

eToro Temporarily Raises Minimum Deposit To $1,000

For the past few weeks, the increase in Bitcoin’s price has led to a massive interest in cryptocurrency trading. eToro has been overwhelmed by new registrations and has decided to temporarily raise the minimum deposit from $200 to $1,000. Although 2021 has barely gotten started, it promises to be an exciting time to invest in […]

11 January, 2021
Bitcoin,Investment,Trading

Global Cryptocurrency Market Value Surpasses $1 Trillion

Thursday has proven to be a monumental day for cryptocurrencies as the world’s combined value tops the $1 Trillion mark. Energised by a substantial rise in the value of Bitcoin in recent months, the volatile crypto market has reached a once-unreachable value. Following the latest Bitcoin Halving in May 2020, the world’s largest digital token […]

10 January, 2021
Sponsored

Victory over virus: SiGMA Virtual Expo hosts 100+ exhibitors

SiGMA Europe and AIBC Virtual Expos launch with record breaking attendance, providing a cure to the industry’s events sector In the light of this year’s changes in our everyday lives, SiGMA was close to having to stop doing what it does best; creating networks for people through the company’s iconic physical events, but luckily, the […]

26 November, 2020
Blockchain,Changelly,Cryptocurrency,Exchange Platforms

Changelly Adds Ardor, Ignis, and NXT to Changelly PRO

Changelly, the online cryptocurrency exchanges, has added three more tradable assets to their Changelly PRO platform. Changelly, the large online crypto exchange, has recently added an additional three cryptocurrencies to their Changelly PRO platform, Ardor, Ignis, and NXT. All three tokens developed by Jelurida will be tradable against BTC as ARDR/BTC, IGNIS/BTC, and NXT/BTC. Jelurida […]

6 November, 2020
Crypto Wallets,Exchange Platforms,Kraken,Ledger

Ledger Phishing Scam is Targeting Crypto Wallet Users

Ledger, the cryptocurrency wallet company, has been massively affected by a data breach and phishing scam. Ledger, the world renowned cryptocurrency hardware wallet producer, is facing a lot of problems with a data breach that is being used to target their customers. Kraken Intelligence, the intelligence arm of the Kraken cryptocurrency exchange, analyzes this data […]

5 November, 2020
Bitcoin,Blockchain,Cryptocurrency,Ethereum

Ethereum on Track to be First Blockchain To Process $1 Trillion In Yearly Transactions

Ethereum, the second largest cryptocurrency by market cap, is preparing to break the $1 trillion mark in yearly processing. Ethererum, the largest cryptocurrency behind Bitcoin, is on track to be the first blockchain to process over $1 trillion in transactions in a single year. Currently, the Ethereum network is processing more than double the amount […]

4 November, 2020
Binance,Blockchain,Cryptocurrency,Exchange Platforms

Binance is Giving Away $20,000 in Fifth Learn and Earn Series

Binance, the largest online cryptocurrency exchange, is hosting its fifth learn and earn series, this time with Orion Protocol. Binance, the worlds largest cryptocurrency exchange, will be hosting their 5th Learn and Earn campaign in collaboration with the Orion Protocol. In this campaign, Binance will be giving away $20,000 worth of ORN, the native cryptocurrency […]

3 November, 2020
Bitcoin,Blockchain,Cryptocurrency,Exchange Platforms

Bitcoin Monthly Prices Finishes at Second All-Time High

At the end of October, Bitcoin has registered its second highest closing price of all time. Bitcoin bulls continue to rejoice as Bitcoin closes at its second highest monthly price in the history of the digital currency. Bitcoin closed October with a price hovering right around $13,800, the second highest monthly price finish besides the […]

2 November, 2020