Day: April 17, 2023

Sempo: The Crypto Solution to Cash Aid Distribution Challenges – Crypto Projects to Watch 2023

“With traditional NGOs, it’s not that at all,” Cole said. Overhead costs and administrative fees for traditional donation methods can eat up as much as 30% of the cash value. “I was, like, why can’t we do this with Oxfam or any of these other NGOs?” Cole said when he and Williams reached out to humanitarian aid organizations, they found that the organizations were struggling with major technological challenges in running their cash transfer programs. Source

Ethereum Wallet Rainbow Helps Users Adopt Crypto – Crypto Projects to Watch 2023

“We did an extensive deep dive on available wallets, comparing things like onboarding time, network compatibility, etc. Rainbow came out ahead for our use case,” said Darrell Jones, CEO and co-founder of City3, a Oakland-based community currency nonprofit backed by Coinbase Giving and the Ethereum Foundation. Jones added that City3 has “onboarded over 1,100 folks IRL” at four West Oakland Farmers Market events, with “more than 60% being folks of color,” he said. “Rainbow offers the best experience for newcomers by far.” Source

Fedi Gives Bitcoiners a Community Custody Option

For most people, crypto custody comes down to the choice of holding their own keys or giving them to an exchange. Fedi offers an intriguing third way – to share the burden with trusted family and friends. That’s why Fedi is one of CoinDesk’s Projects to Watch 2023. Source

Crypto Service Send Globally Revolutionizes Remittance Market – Crypto Projects to Watch 2023

“You send money that you see as dollars from the United States, and it’s received on the other side. They receive it in their local currency, either in a bank or in a mobile account,” explains Manuela Rios, Strike’s vice president of product. Rios, who joined Strike from Robinhood Markets in December 2021, knows the challenge of remittances intimately. Her grandmother lives in Colombia, and Rios describes having to jump through expensive or complex hoops every year to send her abuela a simple gift of birthday cash. Source

Nostr: A Decentralized Censorship-Resistant Twitter Alternative? Thanks, Elon – Crypto Projects to Watch 2023

Censorship or the lack thereof has long been a pain point for social media users and providers. Just recall the controversial cancellations and reversals on Twitter, crypto’s and President Donald Trump’s once-favorite social media site. In January 2021, while Twitter was a public company run by Jack Dorsey, Trump was permanently banned for tweets he sent prior to the Jan. 6 attack on the United States Capitol in Washington, D.C. Then in November 2022, when Twitter was a private company run and owned by Elon Musk, the Trump ban was…

Crypto Wallet Machankura Lets Africans Use Bitcoin With Basic Mobile Phones – Crypto Projects to Watch 2023

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So far, Machankura has debuted in eight African countries – Nigeria, Ghana, Kenya, Malawi, Namibia, South Africa, Uganda and Zambia, – where more than a third of the African population currently lives. Ngako wants it in all 54, but he understands how ambitious a goal that is. The service has only managed to attract 3,000 users but Ngako expects an inflection point is around the corner. Original