Tuesday, February 25, 2020

KryptoPal to Launch Cryptocurrency Channel for NGO Helping African Kids

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Adedamola Bada
I'm Damola, a computer engineer from Obafemi Awolowo University. A crypto enthusiast, marketer, and writer who is seeking to achieve career excellence through hard work and positive contribution to the organization that aspires for excellence. Contact me on damolabada@gmail.com

Blockchain technology Startup Company, KryptoPal in collaboration with Swiss Non-Governmental Organization (NGO), Help2Kids have announced the launching of a cryptocurrency donation channel to help children in African countries such as Tanzania and Malawi gain access to health care, food, and education thereby improving their lives.

The KryptoPal platform is based on the blockchain technology, and it can be used for various digital currency-related transactions by integrating it into suitable exchange applications. The founder and CEO of KryptoPal, Venkat Nallapati stated that:

“We’re very excited about this year-long pilot program that we will be conducting with help2kids because not only will it enable people across the world to donate and improve the lives of children in Africa, but by also using cryptocurrency the flow of the financial transactions is transparent until the actual usage of the funds on site in Africa.”

KryptoPal and Help2kids Partnership Roles

As part of the partnership program, KryptoPal is expected to set up a public key and acquire “Know Your Customer” (KYC) details for each Help2kids project in addition to conducting complete background checks for every project. The Blockchain company also will integrate its software development kit (SDK) into the Help2kids’ website allowing it to receive donations in the form of cryptocurrency. This channel would ensure that every fund donation on the website is safe, secure, and transparent. “We hope to offer help2kids a framework to accept cryptocurrencies that will pave the way for other large international charities to follow,” said Venkat Nallapati, KryptoPal’s CEO.

Help2kids is a Swiss charitable NGO that aims to assist vulnerable kids in Tanzania and Malawi by providing them with some essential amenities which they lack. They have been involved in several Charity projects in the past, such as supporting a government primary school, a nursery, and daycare program, and a health care center in Lifuwu, Malawi. Apart from that, they have established children’s home and a nursery and primary school, as well as teaching English classes for adult education in Dar es Salaam, Tanzania.

Harriet Smith, a Field Manager for Help2kids in Tanzania also commented on the new cryptocurrency donation channel. Harriet believes that the new platform will encourage more charitable organizations to donate funds for charity projects efficiently. Harriet said that “I think this new cryptocurrency donation channel will be a great additional help for us to raise funds in our priority areas, especially when it comes to providing health care services and nutritious food to children in need. Every child should have a fair opportunity to education, and we want them to focus on learning without facing obstacles like hunger and illness.” There are about 750 children in Dar es Salaam who are presently being provided for through the Help2kids network.

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