- Many crypto firms are setting up funds for the victims of the Israeli-Hamas War.
- There are already over $75,000 in crypto donations from different crypto firms.
There’s an ongoing war between Israel and Hamas, and there are always victims of this war. Hence, crypto firms are individuals who are already sticking together to provide aid to these war victims.
Crypto Firms Provide Donations to Israeli-Hamas War Victims
- There’s a massive war going on between Israelis and Hamas. However, this post isn’t to talk about the right or wrong in the war. It is only about the support those affected by the war are receiving from both sides. As known by many, the crypto industry is often a go-to sector when it comes to instantaneous donations. So, there are many examples, such as the Maui wildfire and the Russia-Ukraine war.
- With the outbreak of the recent war, many crypto firms are already donating to support victims of this raging war. So, some of them, using the Crypto Aid Israel platform, are already making donations to some of these war victims. Blockchain B7, Bits of Gold, Collider Ventures, CryptoJungle, 42Studio, Efficient, Frontier, Ironblocks, the Israel Blockchain Association, and Nilos are some of the organizations in these donations. So, to make the donations, one can do so using a variety of cryptocurrencies such as Bitcoin and Ethereum. Stablecoins such as the USDT and USDC are also some of the cryptocurrencies for these donations.
More Details About the Donations from Crypto Firms
- There are more details about the new donations from crypto firms to victims of the ongoing war. So, there was widespread death, destruction, and displacement, with numerous civilians on the move in a bid to find safety after the attack by Hamas. This fund will help reduce the amount of suffering from the victims. So, the new Crypto Aid Israel contains a set of multisig wallets to control the donations it receives, ensuring transparency in the donations. At press time, this aid now has more than $75,000 in donations from those who want to help.
- According to Itai Elizur, managing partner at MarketAcross, he said they would be implementing the same Russia-Ukraine method of donations. So, they will allow people all over the world to send donations in the form of cryptocurrencies. This is not the first time the crypto industry has come to the rescue of humanity. So, organizations like the Red Cross opened BTC and crypto donations in 2020 during the COVID-19 period. There are many other cases of crypto donations, and it remain so due to how transparent it is.
Conclusion
Many pro-Israeli groups are already setting up donations for the victims of the ongoing attacks against the country. So, cryptocurrencies are coming to the rescue of these charitable donations as they set up the Crypto Aid Israel fund. This fund will reduce the amount of suffering from those who are war victims.
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