Coinbase joins NGO’s efforts using crypto to help Haitians impacted
Major crypto exchange Coinbase (NASDAQ:) has given a $150,000 grant to Hope for Haiti as part of a pilot program aimed at providing financial assistance to Haitians experiencing social and economic hardship.
In a Tuesday announcement, Hope for Haiti said Coinbase would be making the $150,000 contribution to its pilot project with financial inclusion-driven firm Emerging Impact and the Celo Foundation. According to Celo, the project utilizes the Celo Dollar (cUSD) and Emerging Impact’s Umoja platform to provide cash-based assistance to mothers affected by some of the traumatic events in the Caribbean nation.
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