Bahamian Blockchain Company Raises Crypto for Hurricane Dorian Victims
A blockchain company headquartered in the Bahamas is raising cryptocurrency to bring relief to the victims of Hurricane Dorian.
PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian. The firm made its appeal in a blog post on Sept. 2.
Devastation in the Bahamas
Hurricane Dorian brought devastation to Bahamian islands on Monday and Tuesday. Satellite images show the region has suffered heavy flooding, with more than 60% of Grand Bahama Island submerged.
Call to help Dorian victims
PO8 has witnessed the devastation firsthand and is asking the crypto and blockchain communities to help rebuild and restore the islands most affected. A recent post on the PO8 website claimed:
“PO8 has pledged 1 billion PO8 tokens to hurricane relief efforts. For every dollar worth of crypto donation, PO8 will match it 100%.”
PO8’s blockchain platform aims to democratize access to marine archeological artifacts by establishing their provenance and preventing their sale.
Charity and crypto
Cryptocurrencies and blockchain technology are increasingly being applied for charitable efforts. Following the Notre Dame cathedral fire earlier this year, France’s Minister of State for the Digital Sector Cédric O said he was open to cooperating with cryptocurrency platforms for donations to reconstruct the cathedral.
In an August report, independent public charity Fidelity Charitable said that it has received $100 million in crypto donations since it began accepting digital currencies in 2015.