The traditional 12 days of Christmas is continuing crypto-style with Coinbase using the song to promote its worldwide services, focusing Day 6 on supporting refugees.
In tune with the season of goodwill, the global exchange giant has promised to make an announcement that will profit someone each day leading up the big day itself. The latest gift has gone to Kurdistan and Beirut through GiveCrypto.org, a nonprofit organization that distributes cryptocurrency to people living in poverty.
GiveCrypto has sent USD 10,000 to support 15 Yazidi families and 5 Syrian families living in Kurdistan and Beirut to follow up on its last gift which went to the wallets of over 100 families living in the Venezuelan border town of Santa Elana de Uairen, located in Bolívar state near the border with Brazil and Guyana.
The plight of Yazidi families made world news in 2014 when 1,200 refugees fled Syria leaving less able families stranded in the Sinjar mountains without food or water, relying only on air drops from the Red Cross and NGOs.
Similar to the Venezuelan project, this latest of its humanitarian gifts will enable the 20 families to be able to buy essentials through receiving the funds in local fiat currency. A Coinbase announcement on its latest humanitarian offering stated:
“With Coinbase’s support, GiveCrypto.org is poised to support even more refugee families in Greece, where crypto transfers can do even more to support those rocked by unstable financial institutions and lack of access.”
“Our recent shift in strategy is really driven by customers. When we asked customers the number one thing they want, they told us it’s adding new cryptocurrencies to the platform.”
— Coinbase (@coinbase) December 11, 2018
This only the second humanitarian gift so far; other gifts have included Coinbase announcing that users could buy gift cards so that family and friends could get Uber, Adidas and Nike surprises through its U-gift program.
On the weekend, Coinbase made one of its more materialist gifts, which allowed its US customers to withdraw their Coinbase balances to Paypal giving them access to a fast payments platform. Some more critical observers would like to see such gifts follow the form of the Venezuelan and refugee payments maintaining a strictly humanitarian focus, putting money where it is really needed.
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