Crypto Awareness and Resources

While less than 1 percent of the US population has yet to partake in cryptocurrencies, countries like El Salvador have adopted bitcoin as a national currency, and nations like Kazakhstan have become mining hubs that generate droves of wealth. The Venezuelan crisis was triggered by the unprecedented inflation of the Venezuelan bolivar. Every hour that went by, prices in supermarkets were raised. That continued until the bolivar was not worth the paper it was printed on. Cryptocurrencies can remove wealth from unstable local economies and reinvest it into a global inflationary network. But this is simply the tip of the iceberg.

NFTs are digital items that can not be replicated or hacked. The UN sees NFTs as having great potential to protect the legal documentations of at-risk populations. Most refugees are denied bank accounts in Ecuador; blockchain networks bypass centralized banking and give all users the ability to take loans and hold savings accounts that pay 15% APR with interest compounds daily. Much of the internet is only available to the Western 1st world countries due to geographical blocks. Still, through the anonymity of blockchain technology, developing nations are not barred from vital resources. Money transferring systems place exorbitant fees upon small international transfers, precisely what refugees supporting families in Venezuela need to do frequently. However, people can send cryptocurrencies between individuals for fractions of a penny.

Last but not least, blockchain technology is a vibrant network that stimulates the development of future technologies and creates jobs that never existed before and that operate on intelligent contracts run by code. Fortunately, code does not discriminate, and these job contracts are open to anyone willing to perform them. The future has never been so bright for the underprivileged. 

Through this program, we strive to educate the refugee community about the opportunities of blockchain technology. Please contact us at crypto@giverefugeesachance.org if you’re interested in providing a computer or smartphone for a refugee.