CRYPTOFUND 210K

POD Payment Coin has set aside 210,000 coins for charities around the world. It is inspired by the Pineapple Fund; an experiment in philanthropy with cryptocurrency wealth.

CRYPTOCURRENCY PHILANTHROPY

On a larger scale, the Pineapple Fund created a more mysterious form of cryptocurrency philanthropy.The organization was started in December by an anonymous donor who goes by the nickname “Pine” and claims to be among the 250 largest holders of Bitcoin in the world. The fund aims to give away $86 million worth of Bitcoin, and has already given $20 million worth of the currency to 13 organizations, including million-dollar donations to the Water Project, which provides clean water to people in sub-Saharan Africa, and the Electronic Frontier Foundation, a digital rights watchdog.

(These donations can be verified thanks to Bitcoin’s digital ledger system, which records every transaction in a public database.)

Whoever Pine is, he or she seems to have found a way to convert Bitcoin into something actually useful.

New York Times, Dec 27 2017