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Thursday, June 8, 2023

    SCI, CF Seal Digital Currency Partnership

    The Cardano Foundation (CF) and Save the Children International (SCI) have partnered to explore ways to use Cardano and the ADA digital currency for the benefit of their humanitarian initiatives in East Africa.

    The partnership, which was announced at an IOHK Africa Show, is expected to see the foundation work with Save the Children’s team in Rwanda to identify areas where blockchain technology could advance its missions, especially those associated with its Kumwe Hub.

    The Kumwe Hub, which means ‘Together’ in Kinyarwanda, is an African-based Impact Innovation Hub that allows Save the Children’s country offices to better engage with the technology and business sectors.

    ‘We are very pleased to welcome Save the Children into the Cardano ecosystem’, Chief Growth Officer at the foundation, Eva Oberholzer, said.

    ‘This milestone is significant for two reasons: for one, it proves the utility of our digital currency, ADA, and cements its position as a tool for social good.

    ‘Secondly, it proves how easy it is to accept ADA through the deployment of payment gateways. We look forward to welcoming more charitable organisations into our ecosystem in the near future – and we are already in talks to do so’.

    For her part, Save the Children’s Katherine Uwimana said, ‘Together we are ensuring blockchain solutions and the benefits associated with decentralised infrastructure are being leveraged for the good of children and families in Rwanda and across East Africa.

    ‘From investing in local entrepreneurs who are tackling youth unemployment, to digitising school records for refugee children crossing borders, our aim is to maximise and direct new technologies to solve some of the biggest problems facing children in Africa today’.

    In late March 2021, the foundation announced that more than $500 million was being delegated to community-led, mission-driven stake pools on the Cardano network, making the ecosystem one of the largest decentralised donation platforms in the world.

    Source: Cardano Foundation

    Photo source: Paul Kagame

    Jokpa Mudia
    Jokpa Mudiahttps://www.impacthouse.ltd
    Jokpa Mudia is an enthusiastic and self-motivated writer. She holds a Degree and Masters' in English (Literature). Her interests are in creative writing, curating stories, research, and advocacy reviews. She loves travelling and meeting people as these help her in learning more about people, places and cultures.

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