Why crypto is great for donations - Crypto in Plain English - Episode 112 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it2 Maalis 2022

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 Everything is visible on the blockchain - so you can see how much was sent and how much was withdrawn.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 DeFi? Part 1 of 2 - Crypto in Plain English - Episode 37 - by cryptohunt.it

What is DeFi? Part 1 of 2 - Crypto in Plain English - Episode 37 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today and tomorrow, we’ll dive into the world of DeFI, short for “decentralized finance”, where block...

17 Marras 20211min

What are Crypto ETFs? - Crypto in Plain English - Episode 36 - by cryptohunt.it

What are Crypto ETFs? - Crypto in Plain English - Episode 36 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: What are crypto ETFs? You always know that things are going more mainstream when the media tal...

16 Marras 20212min

How do crypto scams work? - Crypto in Plain English - Episode 35 - by cryptohunt.it

How do crypto scams work? - Crypto in Plain English - Episode 35 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: How do crypto scams work? Whenever there is money involved, scammers are not far away. In cryp...

15 Marras 20211min

How do you know if a token is a good investment? - Crypto in Plain English - Episode 34 - by cryptohunt.it

How do you know if a token is a good investment? - Crypto in Plain English - Episode 34 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: How do you know if a token is a good investment First things first! This is not investment adv...

12 Marras 20211min

How to learn more about Crypto - Crypto in Plain English - Episode 33 - by cryptohunt.it

How to learn more about Crypto - Crypto in Plain English - Episode 33 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: How to learn even more about crypto. This is episode 33 of “Crypto in plain English” and if yo...

11 Marras 20211min

What is a fork? - Crypto in Plain English - Episode 32 - by cryptohunt.it

What is a fork? - Crypto in Plain English - Episode 32 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we tell you what a fork is. You might have heard the term “fork” recently, especially since Eth...

10 Marras 20211min

What is a Crypto Faucet? - Crypto in Plain English - Episode 31 - by cryptohunt.it

What is a Crypto Faucet? - Crypto in Plain English - Episode 31 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we explain crypto faucets. Crypto faucets are wallets that automatically give away small amoun...

9 Marras 20211min

What is an Airdrop? - Crypto in Plain English – Episode 30 - by cryptohunt.it

What is an Airdrop? - Crypto in Plain English – Episode 30 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we explain airdrops. It's quite literal - airdrops happen when owners of a token distribute it...

8 Marras 20211min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
herrasmieshakkerit
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
rss-sami-miettinen-neuvottelija
leadcast
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
sijoituspodi
rss-karon-grilli
rss-juurisyy-johtamisesta-kilpailuetua
rss-draivi
rss-johtoajatuksia