• About
  • Contact Us
  • Privacy & Policy
Monday, February 18, 2019
Cryptoliam.com
Advertisement
  • Home
  • Live Updates
    • Crypto Rates
    • ICO Updates
    • Crypto Exchanges
  • News
    • Altcoin
    • Bitcoin (BTC)
    • Bitcoin Cash (BCH)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Litcoin (LTC)
    • EOS (EOS)
    • ICO
  • Business
  • Mining
  • Tech
  • Trading
  • Discussion
  • Donate Now
No Result
View All Result
  • Home
  • Live Updates
    • Crypto Rates
    • ICO Updates
    • Crypto Exchanges
  • News
    • Altcoin
    • Bitcoin (BTC)
    • Bitcoin Cash (BCH)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Litcoin (LTC)
    • EOS (EOS)
    • ICO
  • Business
  • Mining
  • Tech
  • Trading
  • Discussion
  • Donate Now
No Result
View All Result
Cryptoliam.com
No Result
View All Result
Home Bitcoin (BTC)

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

by
February 11, 2019
in Bitcoin (BTC)
0
Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

On Sunday, Feb. 10, the creators of the charitable organization Eatbch, a nonprofit food drive powered by bitcoin cash, celebrated its one-year anniversary. Eatbch has come along way since its inception feeding Venezuelans thousands of meals alongside branching out to other less fortunate regions like South Sudan.

Related articles

Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

February 18, 2019
Everything You Should Know About Bitcoin Address Formats

Everything You Should Know About Bitcoin Address Formats

February 18, 2019

Also read: BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum

Eatbch Celebrates One Year of Helping People in Need

This week the nonprofit Eatbch is celebrating its one-year anniversary after two individuals started the charity with just a $5 donation. With this small fraction of bitcoin cash, the organization managed to give 40 arepas (a type of food made of ground maize dough or cooked flour) in just one location and the group realized the potential of this type of charity.

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

“After a few months, we were giving thousands of meals each week in 23 locations in 6 states of the country,” explained José the cofounder of Eatbch Venezuela. Even though the funds have helped Venezuelans a great deal, José detailed that the economic situation in the country has not improved.

“A few days ago, the Venezuelan-Colombian crossing was blocked to avoid tons of aid from entering to the country — And the Venezuelan people highly need this. Inflation has skyrocketed to unseen levels, as high as 2,500,000 percent,” José emphasized while discussing the one-year anniversary.

The Eatbch cofounder added:

According to many economists worldwide, it will reach 10,000,000 percent at the end of the year and the level of uncertainty and fear we feel right now is unimaginable — For most of the people who receive hot meals each week, we are their only guaranteed meal that they can count on.

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

Crypto’s Utility Phase Emerging

In addition to helping people in Venezuela, the operation also branched off into South Sudan back in the summer of 2018. The region also has one of the highest inflation rates in the world and the citizens of South Sudan have been dealing with economic turmoil and a lack of daily nourishment.

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

“[Eatbch South Sudan] has been doing an amazing job providing meals for thousands for people who have been escaping the ongoing war,” José remarked. Last year, the group also caught the attention of the CEO of Coinbase, Brian Armstrong, who believes cryptocurrencies can give people in need economic freedom.

“In terms of crypto helping people (the utility phase emerging) this is pretty awesome,” Armstrong stated at the time.

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

José further detailed how the cofounders first started the nonprofit and debated on how Eatbch would operate. Many people asked the group to accept several different cryptocurrencies but the charity decided to accept just one. “Bitcoin Cash was and still is, the best cryptocurrency for us — It has the lowest fees, ensuring that we won’t lose your donations because of transaction costs,” José’s anniversary blog post emphasized.

The cofounder noted:

[Bitcoin cash] has widespread exchange support and it’s also easy to use, so we could convince merchants to accept BCH.

After finishing a year of good deeds, the Eatbch team said they are very thankful for the BCH community and all the volunteers who have helped them. Because of this growth and excitement, José said the nonprofit has gained attention from the mainstream press. The cofounder concluded that this attention is of no surprise to him because the community has impacted the lives of thousands of Venezuelans. “I thank you all deeply from the bottom of my heart for all your help and support,” the charity’s creator finished.

What do you think about the nonprofit Eatbch and its one-year anniversary? Do you think cryptocurrencies can empower global citizens suffering from economic turmoil? Let us know what you think about this subject in the comments section below.


Image credits: Eatbch, Shutterstock, and Pixabay. 


Have you seen our widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They’re pretty cool, and you can customize by size and color. The widgets include price-only, price and graph, price and news, and forum threads. There’s also a widget dedicated to our mining pool, displaying our hash power.

Tags in this story
1 Year Anniversary, BCH, bitcoin cash, Brian Armstrong, Charitable Cause, Charity, crowdfunding, Cryptocurrency, Digital Currency, donations, EatBCH Venezuela, Food, Food drive, José, N-Featured, Nonprofit, Philanthropy, Sharing Economy, system, Venezuela, venezuelan
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.


Credit: Source link

Like this:

Like Loading...
Share76Tweet47

Related Posts

Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

by
February 18, 2019
0

A survey has determined that advertisers believe the word “blockchain” to have been the most overrated of 2018. This is...

Everything You Should Know About Bitcoin Address Formats

Everything You Should Know About Bitcoin Address Formats

by
February 18, 2019
0

A wallet address, comprising a string of 26-35 alphanumeric characters, is all it takes to send and receive bitcoin. Any...

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

by
February 18, 2019
0

On Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like...

Few Markets Retain Top Market Cap Ranking After Bull Cycle

Few Markets Retain Top Market Cap Ranking After Bull Cycle

by
February 18, 2019
0

Many cryptocurrencies rose and fell during the 2017 bull market and subsequent year of bearish retracement. While the top four...

In the Daily: Shapeshift Beta, Coinsquare Acquisition, Grayscale Investment Report

In the Daily: Shapeshift Beta, Coinsquare Acquisition, Grayscale Investment Report

by
February 18, 2019
0

In this edition of The Daily we cover the beta launch of a new platform from Shapeshift, an acquisition by...

Load More
  • Trending
  • Comments
  • Latest

SpendApp Adds XRP Support With Visa Partnership, Spend XRP

February 17, 2019
More Than 30% of BTC Traffic Stems from the Veriblock Project

More Than 30% of BTC Traffic Stems from the Veriblock Project

February 17, 2019

Bank Dhofar With Ripple Live On ‘Mobile Banking Cross-Border Payment

February 18, 2019

Bank Dhofar With Ripple’s Tech Live On ‘Mobile Banking Cross-Border

February 18, 2019
Court Reconsiders Ruling After SEC Proves Tokens Are Securities

Court Reconsiders Ruling After SEC Proves Tokens Are Securities

February 17, 2019
Blockstream Publishes Schnorr-Based Test Code for Bitcoin Blockchain Upgrade

Blockstream Publishes Schnorr-Based Test Code for Bitcoin Blockchain Upgrade

February 18, 2019

Bank Dhofar With Ripple’s Tech Live On ‘Mobile Banking Cross-Border

February 18, 2019
Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

February 18, 2019
Bitcoin Unable to Solve Problems of Traditional Payment Systems

Bitcoin Unable to Solve Problems of Traditional Payment Systems

February 18, 2019
Blockstream Releases Test Code for Proposed Bitcoin Tech Upgrade Schnorr

Blockstream Releases Test Code for Proposed Bitcoin Tech Upgrade Schnorr

February 18, 2019
Cryptoliam.com




Cryptoliam.com is the world’s leading online news platform for up to the minute crypto news from outlets around the globe.





Categories tes

  • Altcoin
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Business
  • EOS (EOS)
  • Ethereum (ETH)
  • ICO
  • Litcoin (LTC)
  • Mining
  • News
  • Ripple (XRP)
  • Tech
  • Trading

What’s New Here?

  • Blockstream Publishes Schnorr-Based Test Code for Bitcoin Blockchain Upgrade
  • Bank Dhofar With Ripple’s Tech Live On ‘Mobile Banking Cross-Border
  • Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018

Newsletter

  • About
  • Contact Us
  • Privacy & Policy

© 2018 Cryptoliam.com by Cryptoliam Inc.

No Result
View All Result
  • Home
  • Live Updates
    • Crypto Rates
    • ICO Updates
    • Crypto Exchanges
  • News
    • Altcoin
    • Bitcoin (BTC)
    • Bitcoin Cash (BCH)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Litcoin (LTC)
    • EOS (EOS)
    • ICO
  • Business
  • Mining
  • Tech
  • Trading
  • Discussion
  • Donate Now

© 2018 Cryptoliam.com by Cryptoliam Inc !.

  • bitcoinBitcoin(BTC)$3,897.535.84%
  • ethereumEthereum(ETH)$145.627.72%
  • bitcoin-cashBitcoin Cash(BCH)$143.5515.02%
  • rippleXRP(XRP)$0.3198995.12%
  • litecoinLitecoin(LTC)$47.618.13%
  • cardanoCardano(ADA)$0.0452688.35%
  • iotaIOTA(MIOTA)$0.3020118.11%
  • dashDash(DASH)$86.118.04%
  • nemNEM(XEM)$0.0425411.42%
  • moneroMonero(XMR)$50.145.66%
  • stellarStellar(XLM)$0.0834674.27%
  • eosEOS(EOS)$3.4619.58%
  • ethereum-classicEthereum Classic(ETC)$4.384.38%
  • liskLisk(LSK)$1.282.99%
  • tronTRON(TRX)$0.0248363.97%
  • neoNEO(NEO)$8.794.46%
  • vechainVeChain(VET)$0.0043385.01%
  • qtumQtum(QTUM)$2.127.71%
  • bitcoin-goldBitcoin Gold(BTG)$11.7716.49%
  • tetherTether(USDT)$1.00-0.24%
  • omisegoOmiseGo(OMG)$1.306.03%
  • iconICON(ICX)$0.2420773.70%
  • binance-coinBinance Coin(BNB)$9.604.05%
  • nanoNano(NANO)$0.904.86%
  • vergeVerge(XVG)$0.0062864.23%
  • bytecoin-bcnBytecoin(BCN)$0.0006817.47%
  • zcashZcash(ZEC)$54.475.45%
  • ontologyOntology(ONT)$0.684.30%
  • aeternityAeternity(AE)$0.4360935.92%
  • steemSteem(STEEM)$0.3306182.58%
  • wanchainWanchain(WAN)$0.3007292.91%
  • siacoinSiacoin(SC)$0.0024223.19%
  • bitsharesBitShares(BTS)$0.0442835.11%
  • bytomBytom(BTM)$0.0847794.42%
  • zilliqaZilliqa(ZIL)$0.0179551.57%
  • populousPopulous(PPT)$1.351.86%
  • bitcoin-diamondBitcoin Diamond(BCD)$0.775.12%
  • bitcoin-privateBitcoin Private(BTCP)$1.432.61%
  • 0x0x(ZRX)$0.2509842.67%
  • stratisStratis(STRAT)$0.893.33%
  • wavesWaves(WAVES)$2.744.63%
  • rchainRChain(RHOC)$0.0275795.31%
  • golem-network-tokensGolem(GNT)$0.0666484.32%
  • makerMaker(MKR)$577.546.38%
  • dogecoinDogecoin(DOGE)$0.0020702.81%
  • hshareHyperCash(HC)$1.181.68%
  • statusStatus(SNT)$0.0207095.66%
  • digixdaoDigixDAO(DGD)$15.857.53%
  • loopringLoopring(LRC)$0.0570262.41%
  • iostokenIOST(IOST)$0.0073145.28%
  • aionAion(AION)$0.1236533.02%
  • waltonchainWaltonchain(WTC)$1.119.36%
%d bloggers like this: