The Daily Hodl is reporting that a charity called "Crypto for Venezuela!" has already received hundreds in donations of BTC and used the money to purchase school supplies and clothing for children. This is just one of the ambitious projects the team is undertaking to grow infrastructure using crypto, amidst the historic runaway inflation the nation is seeing.
A couple weeks ago I shared a video where bought a ton school supplies and clothing to be donated to kids!— Crypto For Venezuela! (@CryptoForVzla) December 1, 2018
Today was that day!🔥 We delivered all the school supplies and Clothing to the kids 😍❤️ Thanks for all your help! $BTC all of it was done thanks to you guys and Bitcoin! pic.twitter.com/LMfOT6GPng
All supplies were purchased through a Venezuelan department store called Traki, which recently began accepting crypto.
The team isn't just using Bitcoin to help school children either, as the charity recently posted about some encouraging projects being completed with Ether:
One place we're helping improve is a school farm that is being reconstructed & equipped w/ support of donations in #Ethereum #ETH. They now have 2 working tractors 🚜, huge irrigation pump, 2 small water pumps, working 4x4 🚚— Bitcoin Venezuela ⚡️ (@btcven) November 23, 2018
Now painting🎨 & class room!https://t.co/VVkEFo9szB pic.twitter.com/k5ZTVVeLtF
With so much support behind this movement we can only hope to see it keep growing. Empowering the members of a society where inflation has taken away the national currency's value is one of the boggest use cases for crypto. It is true the government has released the Petro to mixed reception, but it looks like many citizens would prefer Bitcoin and Ether! As always, stick with Chepicap for all updates!