Dash has announced the rollout of a new P2P charity system, offering an automated and distributed form of processing charitable donations, based on Dash cryptocurrency and Dash Text wallet, as it is stated on the website of the project.
Co-founder of Dash Text Lorenzo REY explained the advantages of the system:
“Whenever someone makes a donation through our system, the money gets immediately and equally distributed amongst the people you’re donating to, this is completely transparent and traceable on the blockchain, the money is never touched by a human third party inside our system, it is all automated and happens in just a few seconds. Recipients receive a confirmation SMS which might include the name and country of the person who donated. There is no system like this in the world today, all charity donations, including crypto charities right now require some sort of human intermediation.”
The charity program is currently in its pilot phase, focusing on 50 students in need at the San Antonio school in Caracas who can use the donations to buy school lunches. Since the debut of the program, there have been a reported 60 transactions per day, and recipients have reportedly used the donations to buy over 1,000 lunches and 900 beverages.
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