Fanfare Global are collaborating with Spring Rain Global to launch and manage an online wallet, which will be made available to donors and allow charities to accept donations in the form of cryptocurrency.
The adoption of FAN tokens (Fanfare’s digital currency) into this crypto-charity ecosystem leverages on an existing donor pool through Fanfare’s Social Commerce ecosystem.
To help kick-start Spring Rain Global’s Social Commerce Philanthropy infrastructure, Fanfare has pledged to contribute a matching grant of $2 million worth of FAN tokens into the donation pool.
Super exciting to be in Bali with @globalspringra to share our thoughts on #cryptophilanthrophy … Donate with the FAN Tokens. @FanFare_Global will match up to 70% of your Donation! Details coming soon… pic.twitter.com/kdVvREJn4k
— FanFare (@FanFare_Global) November 22, 2018
In addition to digital currency donations, Fanfare is supplementing the ecosystem by developing a Charity eStore (to redeem items and services) as well as building a marketplace for charities, donor merchants, and service providers.
Fanfare stated: “The opportunities to harness the power of cryptocurrency for social good are increasing , and a shift in the traditional philanthropy model will allow for more fluidity and agility in championing humanitarian causes and social missions.
“With the rising level of comfort with digital currencies, the landscape of crypto-philanthropy is just waiting to be explored by those wanting to give a little back.
“Together with our partners at Spring Rain Global, we’re determined to pave the way towards a Social Commerce Philanthropic destination, and to enable a sustainable model in trading digital currencies for good.”