2020 will come to be known as the year the whole world stood still, as the economy of many nations came to a halt in response to the deadly coronavirus pandemic. People lost their jobs and others had to depend on the government or some form of charity for survival. As the world continues to watch, waiting for an end to the pandemic, a handful of crypto companies have taken up the challenge to combat the virus from a social perspective.
Crypto Companies’ Charity Move
Few would have thought that the cryptocurrency industry — at one time the target of constant backlash from mainstream media, influential personalities, and governments — would someday play significant roles in contributing to the stability of the world economy. But the fact is, crypto companies are reaching out and attempting to alleviate the crushing economic blowback brought on by the pandemic.
Companies such as aid organization The Giving Block, Paxful, Binance, Stellar Foundation, Ripple Labs, BitMex, Golem, and a host of other crypto personalities are seen at the forefront of the battle against COVID-19. And now, the pioneering Bitcoin-led casino operator, Bitcasino, has joined forces with The Giving Block to amplify the relief efforts through a benefit concert aimed at raising funds to address the needs of those affected by the pandemic.
Bitcasino Makes Wave with 100k Donation
Bitcasino recently announced its support to a virtual relief benefit concert organized by The Giving Block alongside other industry giants such as Cointelegraph, Gemini, Brave, MoonPay, and Multiplied; who pooled their resources to support a trending coronavirus cause #cryptoCOVID19 on May 5th’s #GivingTuesdayNow. The funds raised will be channeled to different charities, including homeless shelters, relief centers, and getting aid to society’s most vulnerable.
The relief benefit concert sponsorship was well-timed as Bitcasino had just rounded off its three-weeks-long fundraising campaign ‘Crypto vs COVID-19’ where it urged its exclusive community of gamers to donate their unused loyalty rewards to aid the fight against COVID-19. The goal of Bitcasino’s fundraising campaign was to match the players’ donated loyalty points (reset at the end of each month) to a mark of $100,000 to fund the #cryptoCOVID19 cause.
While unfortunate, the impact of COVID19 has indeed presented an opportunity for the cryptocurrency industry to crack through the seam that divides the industry from real-world entities/adoption, such that the relief being provided can only be seen in the light of a favorable gesture. As Bitcasino’s director Tauri Tiitsaar rightly puts it;
“Standing with the crypto community and supporting the efforts to tackle COVID-19, which has left a mark on so many lives, is one of the most important things we’ve ever done. The human crisis we’re witnessing is something we’ve never been challenged with before and everyone has been under so much stress, but together we’re stronger in these unprecedented times. Bitcasino has always considered itself a fun, fast, and fair crypto company and by partnering with GivingTuesday we feel that we can help make a difference, and bring more generosity to the world.”
Indeed, the generous impact of GivingTuesdayNow will be etched in the memories of the beneficiaries who have been adversely affected by the COVID19 pandemic.
“Disclaimer: this is a paid for, sponsored article. Bitcasino is the source of this content and is responsible for the content, and the accuracy of the content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This article is for informational purposes only. The information does not constitute investment advice or an offer to invest.”