Dash is currently deploying what is being regarded as the first truly distributed charity program in the world, using its Dash Text platform in the inflation-ravaged cities of Venezuela.
Crypto Still Saving Venezuela
Dash’s charity model through their DASH Text platform, which allows users to create wallets and receive DASH coins through simple text messages, is part of the latest crypto emergency that is being deployed to save Venezuela’s fast deteriorating economy.
Following massive inflation of the country’s national currency Bolivar which rendered the paper currency almost insignificant, the government was the first to turn to cryptocurrencies as an alternative savior to the country’s fortunes. While the country’s official and national cryptocurrency called Petros have not met outright success, it has however opened doors to cryptocurrency awareness and adoption across the country, with DASH’s charity model, still in its pilot stages, seen as a needed stroke of help.
Launch of Pilot Program
DASH Text which is currently available in all parts and territories in Venezuela has now debuted in a ground-breaking pilot charity program that is poised to help children and students across the country. The charity program, however, is still in its early stages and its pilot implementation is currently focused on 50 students in Caracas, Venezuela who are finding it difficult to buy and eat meals daily. Dash Outreach coordinator, Mark Mason, was one of the first to laud DASH’s incredible initiative, announcing the pilot launch on Twi
The most important video you’ll watch today! What’s happening in #Venezuela is truly heart-breaking. No child should go hungry! @dash_text has rolled out the world’s first distributed charity model using @Dashpay.
Transparent Distribution Program
Since the launch of the pilot program, DASH Text reports that more than 1000 lunches and 900 beverages have been bought, and an average of 60 transactions per day. The Charity model leveraging the DASH Text platform is seen as the first distributed charity model in the world. The DASH Text platform is engaged with a hard-coded QR code to enable Venezuelan kids receive $1 donations directly from anywhere in the world.
Dash Text CTO and co-founder, Lorenzo Rey explains that previous charity models, even ones involving cryptocurrencies have always needed a middleman. However, the DASH Text platform allows the recipient to receive donations directly regardless of access to internet data or not.
“Recipients receive a confirmation SMS which might include the name and country of the person who donated,” he said.
“There is no system like this in the world today, all charity donations; including crypto charities right now require some sort of human intermediation.”