One of the highlights of cryptocurrency enthusiasts is raving about the fact that it crosses geographic borders and is swiftly transacted with lower fees.
Recently, many well-known cryptocurrency figures donated thousands of dollars in cryptocurrency to a child named “JO” who suffers from leukemia.
The day before, the “Dude’s Posting Their” Twitter account posted a video of a child everyone applauding as he returned to school after suffering and beating leukemia.
The tweet went viral, garnering more than 50,000 Retweets and more than 500,000 likes.
Shortly thereafter, someone on Twitter reached out to the baby’s father and discovered he was struggling with hospital bills.
Then this person helped the family create an Ethereum wallet, and shared the address with his followers on Twitter.
The so-called “Crypto Cobain” on Twitter participated in the campaign and re-posted the donation address with his 350,000 followers to join and send Ethereum or Ethereum-based cryptocurrencies to the address “JO”.
Within a few hours, hundreds of people joined and sent various digital stable currencies to decentralized finance currencies such as Curve DAO and Ruler Protocol.
Cinneamhain Ventures partner Adam Cochran donated 25 Ethereum and FTX CEO Sam Pankman Fred donated 12 Ethereum.
In total, the account received $ 517,000 in Ethereum and $ 292,000 in various Ethereum-based coins.
After the donations arrived, the “JO” family created an account on Twitter and posted a picture of him holding a banner that read:
THANKS TO THE CRYPTO COMMUNITY ON TWITTER.
In conclusion, it can be said that the cryptocurrency is suitable for donating to charities because anyone who owns some of them can send them to any other address on the same blockchain.
It can also be done anonymously, and the ability to make donations privately.
And since the cryptocurrency is without limits, it allows anyone in the world to participate.
While there are weak souls who seize the opportunity and deceive in this way, and accordingly, the donation is made only to reliable and official bodies.