Crypto To The Rescue: Cryptocurrency Donations Help Fight Starvation In Yemen
Middle Eastern country Yemen has been overrun by a civil war since 2014 leaving 16 million people including 400,000 children under the age of five in starvation and lack of other supplies. However, crypto donations are already being used to fight starvation in the region. A Redditor based in Capital city, Sana’a is behind this cause, according to reports.
According to the Redditor with the pseudonym Yemenvoice, he has been providing food supplies for families and individuals unable to access them using cryptocurrencies. Yemenvoice claimed that the funds used in purchasing the items were from donations in crypto made by well-meaning individuals.
In light of the ongoing war, Yemen’s air, land, sea access points are currently blocked making it impossible for those trapped in the region to receive basic supplies. Yet, the Redditor revealed that he has been able to get food supplies in rice, beans, oil and flour across to 22 families, with a projection for 30 others in the coming months.
Stating why he turned to crypto donations, Yemenvoice asserted that he attempted to set up online donation campaigns but Yemen is not supported on the platforms. He also noted that after resorting to donations in crypto, he realized that they were easier and more effective.
Yemenvoice has received donations in various cryptocurrencies such as Bitcoin, Ether, Bitcoin Cash, Dogecoin, NANO with all accounting for $12,000 in total. Out of that amount, $3,000 has been committed to medical bills, medical drugs, rent-paying and food.
Meanwhile, the Redditor argued that shops in the region will soon begin to accept crypto payments on account of the poor living conditions and the devaluation of Yemen’s fiat currency, Riyal. Already, some countries around the world, especially Venezuela, are turning towards crypto donations to bypass imposed sanctions from the US or United Nations.
Back in June, an app for crypto donations was launched to support the adoption of digital currencies. Crypto donations signify the multiple applications of cryptocurrencies.
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from DiutoCoinNews.