Polygon and Mercy Corps bring blockchain to underserved communities

Blockchain exertion continues to make its mode into mainstream view, arsenic galore companies follow the exertion arsenic a portion of their operations. In the propulsion for adoption of this exertion comes the simultaneous request for much acquisition connected the technology. 

A caller concern announced connected March 2 betwixt the Polygon blockchain web and Mercy Corps Ventures, the concern limb of the humanitarian enactment Mercy Corps, focuses connected bringing blockchain acquisition and opportunities to underserved communities.

According to the announcement, the caller concern has 3 superior objectives successful its effort to bring blockchain and Web3 solutions to “traditionally excluded and underserved communities.”

These objectives see backing blockchain pilots that alteration entree to the fiscal system, blockchain hackathons with developers serving users successful emerging markets and creating a blockchain bootcamp roadshow successful areas with a Mercy Corps presence.

The partners judge these efforts tin assistance "provide acquisition and informational sessions for section acquisition institutions, NGOs, and different organizations looking to amended operations done blockchain technology.”

Last month, Mercy Corps Ventures launched its Crypto for Good Fund II, which aims to motorboat a bid of pilots utilizing blockchain exertion to thrust planetary fiscal inclusion and further clime resiliency. The archetypal iteration of the Fund launched successful 2022 with astir 200 applicants. 

Related: Crypto and blockchain acquisition becomes precedence astatine apical universities

In airy of the caller earthquake that devastated parts of Turkey and Syria, Mercy Corps was progressive successful a bid of donations coming from the crypto assemblage to present aid. 

It reported receiving a 50/50 divided of funds donated by the cryptocurrency speech Binance, which astatine the clip was astir $60,000 successful total.

Thank you to the @Binance assemblage for your enactment of those impacted by the devastation successful Northwest Syria. https://t.co/F3FnLGf3m5

Additionally Ripple tweeted that it would beryllium donating $1 cardinal successful (XRP) successful airy of the incidental and highlighted MercyCorps arsenic 1 of the recipients of the funds. 

Additionally, Ripple tweeted that it would beryllium donating $1 cardinal successful (XRP) successful airy of the incidental and highlighted MercyCorps arsenic 1 of the recipients of the funds.

Mercy Corps responded to the donation successful a tweet, thanking Ripple for supporting its teams connected the crushed successful northwest Syria. Donations successful cryptocurrencies during times of situation person precocious been proven arsenic a mode to amplify some velocity and reach of needed funds.