Place/Date: London, UK - November 26th, 2018 at 10:59 am UTC · 3 min read
Contact: Humaniq, Source: Humaniq
The two organisations signed a Memorandum of Understanding, pledging to cooperate on several humanitarian initiatives in Sierra Leone, one of the 46 countries in the entire world where Humaniq operates. Humaniq’s main product is the App, providing a cryptocurrency wallet and messaging solution. The App is powered by Humaniq’s dedicated token, HMQ, which is used as medium of exchange within the Humaniq infrastructure. Thanks to a wide range of Humaniq App usability features, over 500,000 Humaniq App subscribers can utilize their tokens in a variety of ways: They can buy real products directly with HMQ through BusinessChats, and effortlessly exchange their tokens into other forms of money through LocalHumaniqs.
B-Gifted Foundation’s initiatives give hope to Sierra Leone’s citizens, directly working to improve their lives and help them achieve the dignity, peace and prosperity they deserve.
Humaniq and B-Gifted Foundation reached an agreement on cooperating on several pilot charitable projects by using Humaniq’s Blockchain solution, as well as using Humaniq’s network and community to achieve funding goals.
Specifically, three projects, “Teddybear”, “Digital Hope” and “Second Chance” will be supported by this joint initiative. The first project is dedicated to helping children who suffered from armed conflicts and the Ebola outbreak, while the latter two are geared towards providing assistance with digital tools. “Digital Hope” provides equipment and training in the ICT world for people severely affected by wars, while “Second Chance” focuses on distributing digital gadgets to children affected by the Ebola virus.
Humaniq will be supporting these efforts by providing the foundation with its own cryptowallet, as well as cooperating on fundraising campaigns and community outreach targeting various philanthropic groups, foundations, and charities in the US and worldwide.
Payments powered by Blockchain and smart contracts will also be tested, to guarantee the full transparency of the process.
Andrey Gidaspov, Humaniq CBDO, said:
“We are very excited to begin this new stage in the development of the Humaniq project. Improving people’s lives in Sierra Leone with the B-Gifted Foundation is the first project for the Humaniq for Good initiative, which we launched to improve the fundraising and distribution processes for charities. We are glad to have found such a valuable partner, and we hope this will be the first of many successful projects with charities around the world.”
Andrew Benson, Founder of B-Gifted Foundation, added:
“Humaniq will be an excellent partner to help us in our fundraising and charity distribution initiatives. Through the cooperation, we hope to achieve the necessary funding milestones to go ahead with all of our projects. I am confident that with Humaniq’s talented team and strong user base, we will succeed in bringing a smile to many people in Sierra Leone.”
Humaniq is a London-based Fintech firm that provides next-generation financial services using its Blockchain-based mobile application to the unbanked and underprivileged in emerging economies globally. Humaniq is focused on worldwide financial inclusion by providing access to global markets, greater opportunities, and novel financial solutions using repurposed technologies for those gaining exposure to financial services for the first time.
The B-Gifted Foundation was founded in 2007 through the Ministry of Social Welfare, Gender and Children’s Affairs in Sierra Leone. B-Gifted Foundation is a nonprofit organisation that uses creativity and technology to address human rights (including women and children’s rights), environmental rights, enhance peace and sustainable development in Sierra Leone, whilst seeking to alleviate poverty through creative approaches.