Using Crypto for Humanitarian Efforts

I remember the time during the pandemic when the money was being spent by other people on the charity. And that kind of effort hurts a lot. So people have to consider what can be done where there is no middle people and the people who are meddling with the funds that were collected.

And that's where the blockchain comes in. So you collect the data and that gets posted onto the blockchain.So we know that people have really collected the funds and also there will be real people keeping track of the spending and the expeses. So that is a good thing for the charity efforts and crypto in general.

Hive has been used in the donation and the efforts to the places and the events where the efforts. I have used to do with the variety of the events where crypto has been gaining the trust more than the middle men who use the FIAT system for accepting funds as well.

My learning so far has been that crypto is complicated. But it has benefit for the blockchain ledger. Where people who paid is seen in the transaction.It can get things sorted in terms of the trust. Though the funds in the crypto where the conversion to FIAT has been completed needs to be thought over there.

New thing to consider there is that if we approach the funding to the cause like this. I am sure even govt would get rattled and they would try to put stop to the funds that move like this. So the regulations would be coming in the crypto industry which does active crypto trading like this.

What do you think?