The US World Food Program (WFP USA) has announced the acceptance of cryptocurrency donations, marking an important step in combating global hunger.
Acceptance of Cryptocurrency Donations
WFP USA has announced that it is now accepting cryptocurrency donations including Bitcoin, Ethereum, Dogecoin, and over 80 other digital assets. This decision is tied to the necessity of filling critical funding gaps and aims to raise $25 million through the Emergency Hunger Relief Fund to support food aid for 58 million people facing hunger worldwide.
Need for New Technologies in Humanitarian Aid
Dorota Amin, WFP USA’s director of philanthropy and partnerships, noted that the embrace of technologies like blockchain and cryptocurrency is not just an innovation but a necessity. She stated: "Traditional aid systems are under great pressure. Embracing new technologies like blockchain and cryptocurrency is not just a choice, it is a necessity."
Future of Humanitarian Aid Funding
The funding situation has worsened due to significant cuts during the Trump administration when U.S. financial support for emergency food aid efforts was halted in 14 countries, including Afghanistan, Syria, and Yemen. WFP officials warn that these funding cuts could have devastating consequences, describing them as a potential 'death sentence' for millions of people already on the brink of starvation.
The support of WFP USA through cryptocurrency donations highlights the need to adapt to new technologies in the face of a global crisis, enabling quicker and more efficient aid to those in need.
