Coinbase CEO Launches Cryptocurrency Charity

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  • Coinbase CEO Brian Armstrong has announced the launch of a new charitable fund

 

 

  • The charity’s mission is to ”financially empower people by distributing cryptocurrency globally”

 

  • The goals behind Give Crypto are to:

Help people in need by sending money to them directly

Advance real-world usage and benefits of cryptocurrency

Provide universal access to an open financial system

 

  • Armstrong highlights the un-banked population of world (1.7 billion) and hopes the power of crypto will help people out of poverty and at the same time help increase the pace of innovation

 

  • At present the charity has raised about $3.5 million, including a $1 million initial donation from Armstrong himself. The goal is to make it a $1 billion fund in the next 2 years.

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