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Meet the Charity 'eat BCH' - the P2P Electronic Cash-to-Food System
Over the past few months of 2018 flying under the radar, there's a new charity aimed at feeding Venezuelan citizens and their children — a group called 'eat BCH.' The group has been getting a lot of bitcoin cash (BCH) donations towards feeding the hungry from within the country's troubled economy. The donations are proving how perfect a peer-to-peer electronic cash system can be for those in need.
Over the past few months of 2018 flying under the radar, there's a new charity aimed at feeding Venezuelan citizens and their children — a group called 'eat BCH.' The group has been getting a lot of bitcoin cash (BCH) donations towards feeding the hungry from within the country's troubled economy. The donations are proving how perfect a peer-to-peer electronic cash system can be for those in need.
Also read: Markets Update: Cryptocurrency Prices See Some Slight Recovery
'Eat BCH' Feeding Venezuelans With Bitcoin Cash
The Venezuelan economy has been suffering from hyperinflation and a turbulent economy which has left ordinary citizen living on the streets hungry and unemployed. The country's currency, the bolivar, is so worthless individuals don't even count the cash anymore; they weigh the fiat stacks on a scale. Over the years since Venezuela's turmoil has continued to worsen, people have noticed the use of cryptocurrencies has been helping citizens in the region. People and groups from all around the world have been donating to Venezuelans in need, and the country's citizens have been mining cryptocurrencies as well.
Now a new charitable cause called 'eat BCH' has been offering help to Venezuelans suffering from difficult economic times. The group has been collecting bitcoin cash donations for the past few months and have been using the funds to purchase food and feed Venezuelans who are in need of assistance. Nearly every single day for over three months the group's Twitter handle shows pictures of children and adults getting all kinds of food — and it's all paid for with bitcoin cash. Many of the Venezuelans in the photographs have the biggest smiles on their face showing how grateful they for the food.