Dash rolled out a new P2P charity system, offering an automated and distributed form of processing charitable donations. The new service is based on the Dash cryptocurrency and Dash Text wallet.
Dash Text, the SMS-based DASH wallet service, announced the release of a pilot that involves a charity program. The pilot offers an automated distribution of payments from donors to those in need without the need of a third party.
Mark Mason, Director of Media & PR at Dash, shared the news on Twitter:
The most important video you'll watch today! What's happening in #Venezuela 🇻🇪 is truly heartbreaking. No child should go hungry! @dash_text has rolled out the world’s first distributed charity model using @Dashpay.
Learn more – https://t.co/nFGz4IWjPI#Crypto #Blockchain #Dash pic.twitter.com/PXoNZJEm6J
— Mark Mason (@StayDashy) March 15, 2019
Co-founder of Dash Text, Lorenzo REY, said about the charity pilot:
“Whenever someone makes a donation through our system, the money gets immediately and equally distributed amongst the people you’re donating to, this is completely transparent and traceable on the blockchain, the money is never touched by a human third party inside our system, it is all automated and happens in just a few seconds. Recipients receive a confirmation SMS which might include the name and country of the person who donated. There is no system like this in the world today, all charity donations, including crypto charities right now require some sort of human intermediation.”
The goal of the Dash charity pilot is to support children who are in financial need. The team behind Dash Text stated that the donations to the charity can be made without connecting to the internet, simply by the use of text messages.
Because it is still in a pilot phase, the project currently only focuses on 50 students in need at the San Antonio school in Caracas. The students can use the donations to buy lunches at the school. Since the debut of the program, there have been a reported 60 transactions per day, and recipients have reportedly used the donations to buy over 1,000 lunches and 900 beverages.