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 Everything is visible on the blockchain - so you can see how much was sent and how much was withdrawn.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)

Why are brands like Nike getting into Web3? - Episode 309 - by cryptohunt.it

Why are brands like Nike getting into Web3? - Episode 309 - by cryptohunt.it

Why are brands like Nike getting into Web3? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. In yesterday’s episode, we took a deeper look at Nike’s ...

7 Joulu 20223min

What is .Swoosh by Nike? - Episode 308 - by cryptohunt.it

What is .Swoosh by Nike? - Episode 308 - by cryptohunt.it

What is .Swoosh by Nike? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Why is Nike, the popular brand, even a topic on this podcast? Well - you ma...

6 Joulu 20223min

Why are blockchains used for IDs? - Episode 307 - by cryptohunt.it

Why are blockchains used for IDs? - Episode 307 - by cryptohunt.it

Why are blockchains used for IDs? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. If you haven’t heard of IDs on the blockchain, that’s because it’s...

5 Joulu 20222min

What is Proof of Reserves (PoR)? - Episode 306 - by cryptohunt.it

What is Proof of Reserves (PoR)? - Episode 306 - by cryptohunt.it

What is Proof of Reserves (PoR)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Have you heard about the latest wrinkle in the stable coin space? O...

2 Joulu 20222min

Why is Sam Bankman-Fried still giving interviews? - Episode 305 - by cryptohunt.it

Why is Sam Bankman-Fried still giving interviews? - Episode 305 - by cryptohunt.it

Why is Sam Bankman-Fried still giving interviews? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. For today’s episode, we’ll stick with our topic fr...

1 Joulu 20223min

BlockFi and the “FTX Domino Effect” - Episode 304 - by cryptohunt.it

BlockFi and the “FTX Domino Effect” - Episode 304 - by cryptohunt.it

BlockFi and the “FTX Domino Effect” Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. You heard the term here first: The “FTX Domino Effect”. It's tim...

30 Marras 20222min

Who is Changpeng Zhao (CZ)? - Episode 303 - by cryptohunt.it

Who is Changpeng Zhao (CZ)? - Episode 303 - by cryptohunt.it

Who is Changpeng Zhao (CZ)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Changpeng Zhao, in crypto circles also known as CZ, has been making the ...

29 Marras 20223min

What’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? - Crypto in Plain English - Episode 302 - by cryptohunt.it

What’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? - Crypto in Plain English - Episode 302 - by cryptohunt.it

What’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. By no...

28 Marras 20224min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
herrasmieshakkerit
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
inderespodi
rss-sami-miettinen-neuvottelija
leadcast
timanttia-hiomassa
rss-kohti-unelmia
rss-juurisyy-johtamisesta-kilpailuetua
rss-porssipodi