To enhance confidence and accountability in the charitable space, philanthropic blockchain ecosystem Philcoin has inked a deal with Indacoin, a British fiat-to-crypto conversion gateway.
Jerry Lopez, Philcoin’s CEO and founder, noted that the partnership would be a stepping stone toward changing how giving happens by providing credit and debit cardholders with the chance to instantly purchase its native token, PHL, in at least 180 countries.
Lopez stated:
“We have a user base of over 250,000 people across the world through our app and we expect this number to soar with our new partnership. Imagine how much potential that holds when millions of people can use Philcoin, and its donate-and-earn products, to empower themselves while empowering others.”
The agreement also prompted a seamless integration within Philcoin’s decentralized application called PHILApp, which presents a host of products and features with a donate-and-earn element meant to teach users how to give.
Through its blockchain-based ecosystem, Philcoin seeks to instil confidence in the charity sector by boosting accountability and giving the world’s population living in disadvantaged areas have adequate internet access.
The philanthropic blockchain movement ascertained that digital giving and global impact prompted reciprocal abundance.
Per the report:
“Philcoin aims to create the largest global movement of philanthropists. Indacoin’s reach and exposure will help spread the word about Philcoin which, in turn, will help to inspire millions of people to give back.”
Earlier this year, Philcoin established a staking mechanism that would enable users to donate part of their earnings to a charity of their choice within PHILApp.
The staking mechanism was expected to help Philcoin create a global philanthropic movement by changing how giving happens, Blockchain.News reported.
Image source: Shutterstock
Credit: Source link
