Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it

Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it

Why crypto is great for donations

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

You may have seen the Ukrainian government tweeting out wallet addresses for donations, and at the time of recording receiving over $34m dollars worth of contributions within a few days.

So why is crypto so useful in this case?

First, sending money internationally is a huge pain through traditional banks. It is complicated, takes a long time to arrive, and the fees are outrageous. Crypto, on the other hand, is instant and cheap, and you don’t have to worry about local currency conversion.

Second, there is a lot of money in crypto and people may feel more generous since they already made good returns. Gavin Wood for example, former co-founder of Ethereum and creator of the blockchain Polkadot, donated almost $6 million dollars to the Ukrainian government.

And last, and this is something you probably don’t think about much, it’s easy to audit. Everything is visible on the blockchain - so you can see how much was sent and how much was withdrawn.

So, next time you donate to something, maybe it is in crypto. Just make sure you verify the receiving address really belongs to the correct recipient as there are scams everywhere.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is the difference between crypto currencies and real money? - Crypto in Plain English - Episode 45 - by cryptohunt.it

What is the difference between crypto currencies and real money? - Crypto in Plain English - Episode 45 - by cryptohunt.it

What is the difference between crypto currencies and real money? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we point out the biggest diff...

29 Marras 20211min

Is crypto just for criminals? - Crypto in Plain English - Episode 44 - by cryptohunt.it

Is crypto just for criminals? - Crypto in Plain English - Episode 44 - by cryptohunt.it

Is crypto just for criminals? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. So you talked about crypto with someone and they scoffed at you and sai...

26 Marras 20212min

What are smart contracts? - Crypto in Plain English - Episode 43 - by cryptohunt.it

What are smart contracts? - Crypto in Plain English - Episode 43 - by cryptohunt.it

What are Smart Contracts? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we talk about Smart Contracts: What they are and how they work. Reme...

25 Marras 20211min

What are gas fees and why are they sometimes so high? - Crypto in Plain English - Episode 42 - by cryptohunt.it

What are gas fees and why are they sometimes so high? - Crypto in Plain English - Episode 42 - by cryptohunt.it

What are gas fees and why are they sometimes so high? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. If you’ve followed this podcast, you’ll know by...

24 Marras 20212min

Real world use cases for blockchains - Crypto in Plain English - Episode 41 - by cryptohunt.it

Real world use cases for blockchains - Crypto in Plain English - Episode 41 - by cryptohunt.it

Real world use cases for blockchains Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s stop exploring the theory, and instead talk about w...

23 Marras 20212min

What is the metaverse and why could it become the killer use case for crypto? - Crypto in Plain English - Episode 40 - by cryptohunt.it

What is the metaverse and why could it become the killer use case for crypto? - Crypto in Plain English - Episode 40 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s explore what a “metaverse” actually is and how it could become the killer use case for c...

22 Marras 20211min

What is an ICO? - Crypto in Plain English - Episode 39 - by cryptohunt.it

What is an ICO? - Crypto in Plain English - Episode 39 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: What are ICOs and what are they used for? An ICO, which is short for “Initial Coin Offering”, ...

19 Marras 20211min

What is DeFi? Part 2 of 2 - Crypto in Plain English - Episode 38 - by cryptohunt.it

What is DeFi? Part 2 of 2 - Crypto in Plain English - Episode 38 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. This is the second of our two episodes on decentralized finance, or just “DeFI” in short. If you are ...

18 Marras 20211min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
ostan-asuntoja-podcast
rss-rahamania
herrasmieshakkerit
rss-rentotapaus
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rahapuhetta
kultaiset-hoitajat
rss-lahtijat
rss-startup-ministerio
rss-tarkeista-asioista-2
rss-lain-elamaa
rss-markkinointiradio
rss-sisalto-kuntoon
rss-asiakaskokemusklubi