The CEO of Coinbase creates a charity organization to help people in developing countries

CEO of Coinbase wants to help people outside the banking system to access financial services. On Wednesday, Brian Armstrong has announced the creation of a non-profit organization that will provide financial support to developing country nationals. It is reported by Coindesk.

Crypto-currencies replace banks

A service called GiveCrypto.org need for donations in bitcoin to those who for any reasons cannot obtain access to traditional financial services. Creator GiveCrypto in the future plans to enter into Partnerstva with other non-profit organizations for charity.

Most people I know in kriptonyte believe that we have a moral responsibility to use technology with all their potential.

Armstrong considers low fees, fast transactions and mobile platform best advantage of the blockchain.

Many of the early investors in cryptocurrency understood that the crypt can make the financial system more efficient due to lower commissions and transaction time. They saw the potential for global innovation, as if the Internet had its own currency. And almost everyone I met in the community that believe that cryptocurrencies can help the billions of people who do not have access to traditional banking system.

Armstrong plans to collect 10 million dollars to Fund their organization by the end of 2018. Two years later GiveCrypto should Finance a billion dollars.

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