{"id":56013,"date":"2023-09-02T02:55:05","date_gmt":"2023-09-02T06:55:05","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/oprah-and-the-rock-accept-bitcoin-donations-for-maui-fire-victims-heres-the-lates\/"},"modified":"2023-09-02T02:55:08","modified_gmt":"2023-09-02T06:55:08","slug":"oprah-and-the-rock-accept-bitcoin-donations-for-maui-fire-victims-heres-the-lates","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=56013","title":{"rendered":"Oprah and The Rock Accept Bitcoin Donations For Maui Fire Victims \u2013 Here\u2019s the Lates"},"content":{"rendered":"
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The People\u2019s Fund of Maui, a charity organization rolled out by celebrities Oprah Winfrey and Dwayne \u201cThe Rock\u201d Johnson to aid victims of wildfires in Maui, appears to accept Bitcoin (BTC) and other cryptocurrency donations.<\/p>\n

The fund launched<\/u> to provide direct financial support to the community has seen the crypto community participate in multiple relief efforts.\u00a0<\/p>\n

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According to The Rock, 100% of funds raised will go directly to displaced community members while calling for more support for the people.<\/p>\n

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\u201cEvery adult resident who lives in the affected area and was displaced by the wildfires in Lahaina and Kula is eligible to receive $1200 per month to help them through this period of recovery.\u201d<\/i><\/p>\n<\/blockquote>\n

In line with The Rock, Oprah added that the move will help people return to normalcy after wildfires displaced thousands from their homes. She also assured that 100% of the funds will go directly to the victims.\u00a0<\/p>\n

\u201cPeople being able to have their own agency, being able to make decisions for themselves about what they need and what their family needs\u00a0 \u2026 that is our goal.\u201d<\/i><\/p>\n

The People\u2019s Fund accepts virtual currency donations alongside fiat. The platform\u2019s website reveals that relief can be donated in Bitcoin (BTC<\/u>), Ethereum (ETH<\/u>), Solana (SOL<\/u>), Polygon (MATIC<\/u>), and stablecoins.\u00a0<\/p>\n

Last month, wildfires hit Maui, a Hawaiian island causing massive damage to lives and property in the region. So far, the tragedy has spanned 2,500 acres with over a hundred confirmed deaths.<\/p>\n

Crypto charities build up efforts\u00a0<\/h2>\n

In recent years, digital asset foundations have been at the center of charitable works in several countries. Apart from industry-based foundations, traditional charities have included crypto as part of payment options for global adoption ramp-up.<\/p>\n

The Giving Block also contributed to crypto donation efforts in the country. So far, the foundation has raised over $68,000 in digital assets and a total of $136,000 including fiat.<\/p>\n

Olga Ruggiero who heads organizational integration at Hands and Hearts noted that crypto donations have been helpful in relief efforts so far.<\/p>\n

\u201cCryptocurrency donations as any other type of donations are helping to provide essential support after the devastating wildfires. The crypto industry continues to band together with communities around the world in need.\u201d<\/i><\/p>\n

He added that the Giving Block has facilitated over $125 million in crypto donations. The disastrous earthquakes in Turkey and Syria also recorded<\/u> massive cryptocurrency donations running into millions.<\/p>\n

Firms like Binance, Bitfinex, Tether, and OKX pledged over $9 million in crypto for the victims with other community donations.\u00a0<\/p>\n

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Avalanche also donated $1 million in AVAX as part of relief efforts for both countries with its Foundation Executive Aytunc Y\u0131ld\u0131zl\u0131 stating that \u201cTurkey is close to the heart of the Avalanche Foundation and community, and the funds will help people recover faster in the wake of this tragedy.\u201d\u00a0<\/i><\/p>\n<\/p><\/div>\n