Hawaiian Island of Maui Receives Crypto Donations for Wildfire Relief Efforts
Summary:
Wildfires in Maui, Hawaii have caused extensive damage and loss of life, leading to a significant need for relief efforts. All Hands and Hearts, a disaster relief organization, is collecting cryptocurrency and fiat donations to support the impacted community. The Giving Block has facilitated over $125 million in cryptocurrency donations, matched with over $68,000 in fiat donations, raising a total of $136,000 for the Maui project. Governments, including Japan and South Korea, have pledged $2 million each in aid. Cryptocurrency donations continue to play a crucial role in providing assistance during disasters.
The Hawaiian island of Maui is still dealing with the aftermath of devastating wildfires, particularly in Lahaina. All Hands and Hearts, a disaster relief organization, has been collecting both cryptocurrency and fiat donations to provide support to the affected community. These fires resulted in the loss of over 100 lives and caused extensive damage to homes and businesses. The estimated cost of rebuilding is more than $5.5 billion, as reported by government officials. Olga Ruggiero, the chief of organizational integration and events at All Hands and Hearts, emphasized the importance of cryptocurrency donations in assisting with the recovery efforts. She stated that the crypto industry continues to unite with communities in need worldwide. The Giving Block has facilitated over $125 million in cryptocurrency donations to All Hands and Hearts. This charity platform matches crypto and fiat donations, raising over $136,000 for the Maui project. Ruggiero highlighted the positive impact of embracing technology and different digital platforms on the fundraising efficiency of disaster relief organizations. The cause of the fires, which started on August 8, is suspected to be downed power lines. The island, with its population of over 160,000 residents, has been severely affected. Alongside All Hands and Hearts' efforts, the governments of Japan and South Korea have each pledged $2 million in aid to support the relief operations. Cryptocurrency has increasingly become a solution for getting funds to areas affected by both natural and man-made disasters. In Ukraine, for example, the government received over $70 million in crypto donations for military equipment and humanitarian assistance following Russian military attacks.
Published At
8/30/2023 4:19:03 PM
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