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Is Cryptocurrency Industry Playing a Role in Charities?

There is no doubt in saying that over time, the cryptocurrency industry has marked its presence in the world as a financial entity. However, the cryptocurrency industry has not followed in the footsteps of the traditional financial systems.

Instead, the cryptocurrency industry has set upon a new venture where it is reportedly offering the world access to an alternative system to traditional financing. The world is now aware that if they wish to gain access to the decentralized finance industry, they can access the cryptocurrency universe.

Initially, the cryptocurrency offered users that they could mine their way to acquire tokens and cryptocurrencies. With time, the cryptocurrency industry grew bigger and started offering more options to users.

Now, the users are able to acquire cryptocurrencies by purchasing cryptocurrencies, by pooling them, staking them, and many more features. Over time, the world had started perceiving the cryptocurrency industry as means of profiting. No matter the companies, it was perceived that the cryptocurrency industry is just about investing and gaining.

However, the recent developments in the cryptocurrency industry have changed this perception entirely. Starting from the year 2020, the world has realized that the cryptocurrency industry has much more to offer the world.

The cryptocurrency community has played a huge role in the charity sector. Ever since 2013, many companies and charity organizations have started accepting major cryptocurrencies for charities.

However, there was not much that the charity organizations were able to generate from them. Then the year 2020 came when the cryptocurrency industry sky-rocketed and the industry was never the same. In the year many charity organizations have started reporting that they have managed to generate millions through cryptocurrencies.

This shows that the cryptocurrency community is as humane as any other sector in the entire world that cares for humanity and other things around the world.

One of the greatest spectacles of the cryptocurrency community in terms of charities was the Indian pandemic situation. Ever since the COVID situation worsened in India, the cryptocurrency communities have carried out several charities.

They have managed to generate millions for the victims and families in India that are badly affected by the pandemic. Even now, several charity programs are being operated by several cryptocurrency firms in order to generate funds for the COVID victims in India.

Even Vitalik Buterin managed to shake the entire charity world alongside the cryptocurrency community. At the beginning of May 2021, Vitalik Buterin started selling several dog coins generating millions in return.

Buterin’s actions even ended up negatively affecting the entire meme coin industry’s prices and market capitalization. However, he was not blamed for that because the money he generated through the sale of the coins was offered to charity organizations.

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