Dash Text Wallet Service Rolls Out World’s First Distributed Charity Program
Dash Text Rolls Out World’s First Distributed Charity Program
Dash Text has launched what it touts to be the “world’s first distributed charity model,” just recently. This SMS-based Dash wallet service has made its debut this week that is offering a distributed and automated form of providing charitable donations.
Through this service, a doner can send Dash to a specified donation address that is evenly and instantly distributed among the end recipients. These recipients have these Dash text wallets that allows them to send and receive just through SMS message without the need for an internet connection. It further means donations can be received quickly and directly.
“Whenever someone makes a donation through our system, the money gets immediately and equally distributed amongst the people you’re donating to, this is completely transparent and traceable on the blockchain, the money is never touched by a human third party inside our system, it is all automated and happens in just a few seconds,” said Dash Text co-founder and CTO Lorenzo Rey.
Rey further shared that this is one of its kind systems as,
“There is no system like this in the world today, all charity donations, including crypto charities, right now require some sort of human intermediation.”
The program is, however, currently in its pilot phase covering 50 students who bought school lunches through the donations. While, before this program, these students at the San Antonio school in Caracas have been going without meals repeatedly, with the help of this program, they have reportedly used donations to buy more than 1,000 lunches and 900 beverages.
Dash’s Unique Approach To Venezuelans
Earlier this week only, Dash Text had launched a donation campaign in partnership with Bitrefill, a mobile top-up and gift card service in Venezuela. During the recent blackouts in the country, they allow people to buy phone credit to reach out to their loved ones. Now, the charity program is the latest step to provide Venezuelan people relief from poor economic conditions.
While several other crypto projects are operating in Venezuela, Rey believes Dash is unique in its approach as he shares,
“Yes, many crypto projects have been making charitable donations for Venezuela, and we applaud those efforts, but most of them are giving people food, not crypto. I’m a big believer in giving people the fishing rod, not the fish, and for the first time, we can give cryptocurrency directly and automatically to those people so they can use it by themselves. They are buying food, but they’re also learning and using crypto in their daily lives, how amazing is that Dash is helping people out while at the same time getting new users, more transactions and more adoption!”
Dash is making a lot of efforts in Venezuela as already there are 2,500 merchants that are accepting Dash payments. Now, by streamlining the donation and remittance process, Dash is providing assistance directly to the needy ones while providing the much-needed liquidity and access to the currency.