At a gathering in London, twelve humanitarian organizations announced the formation of a coalition aimed at utilizing Bitcoin for aid.
Objectives of the Coalition
The coalition's main objective is to strengthen humanitarian relief and advocate for human rights through decentralized finance. It aims to expedite aid delivery by enabling international money transfers in areas where traditional financial channels are ineffective.
Members of the Coalition
The founding members consist of organizations focused on anti-corruption, democracy, and child rights advocacy. By collaborating, these groups aim to promote shared values across diverse regions from Latin America to the Middle East.
Future of Humanitarian Aid
The coalition aims to streamline monetary transactions and overcome financial restrictions to ensure aid effectively reaches those in need. “Bitcoin facilitates cross-border money transfers for aid organizations thanks to its independence from government, bank, and corporate control,” said Erik Hersman.
This coalition aspires to create a more adaptable system for humanitarian assistance in the digital age, fostering international cooperation and prompt responses to crises.
