On Sunday, February 10, the founders of the charitable organization Eatbch, run by Bitcoin Cash, celebrated a one-year anniversary. Eatbch has evolved since its inception, feeding Venezuelans with thousands of meals along with ramifications to other less fortunate regions such as South Sudan.
Also read: BCH avalanche transactions have final speeds that are 10 times faster than the ethereum
Eatbch celebrates a year to help people in need
This week the nonprofit Eatbch is celebrating its one-year anniversary after two people started the charity with a donation of just $ 5. With this small portion of Bitcoin cash, the organization managed to give 40 arepas (a type of cornmeal dough or cooked flour) in just one place, and the group recognized the potential of this type of charity.
"After a few months, we have given thousands of meals every week at 23 locations in 6 states," said José, the co-founder of Eatbch Venezuela. Although the money helped the Venezuelans a lot, José said that the economic situation in the country has not improved.
"A few days ago, the Venezuelan-Colombian transition was blocked to prevent tons of relief supplies from entering the country – and the Venezuelan people need it urgently. Inflation has risen to an invisible level of 2,500,000, "Joséne said while discussing the one-year anniversary.
The co-founder of Eatbch added:
According to many economists worldwide, it will reach 10,000,000 percent by the end of the year, and the degree of insecurity and anxiety we feel now is unimaginable – for most people who receive hot meals every week, we are the only guaranteed meal you can rely on it.
Crypto-utility phase arises
In addition to helping people in Venezuela, the operation has already branched out into South Sudan in the summer of 2018. The region also has one of the highest inflation rates in the world, and South Sudanese citizens are struggling with economic turmoil Lack of daily food.
"[Eatbch South Sudan] He has done amazing work by providing meals to thousands of people who have escaped from the war, "José said. Last year, the group also caught the eye of Coinbase CEO Brian Armstrong, who believes that cryptocurrencies can provide economic freedom for people in need.
"In terms of crypto that helps people (the benefit phase arises), this is pretty great," Armstrong stated back then.
José continued to detail how the co-founders started the nonprofit organization and debated how Eatbch would work. Many people asked the group to accept several different cryptocurrencies, but the charity decided to accept only one. "Bitcoin Cash was and is the best crypto currency for us – it has the lowest fees, so we will not lose your donations for transaction costs," Jubiläumsblog from José said.
The co-founder stated:
[Bitcoin cash] has extensive exchange support and is also easy to use so we can persuade traders to accept BCH.
After a year full of good deeds, the Eatbch team said they are very grateful for the BCH community and all the volunteers who helped them. Because of this growth and excitement, José said the non-profit organization had captured the attention of the mainstream press. The co-founder concluded that this attention is no surprise to him as the community has influenced the lives of thousands of Venezuelans. "Thank you from the bottom of my heart for your help and support," concluded the creator of the charity.
What do you think of the non-profit Eatbch and its one-year anniversary? Do you believe that cryptocurrencies can empower world citizens suffering from economic turmoil? Tell us in the comments section what you think about this topic.
Picture credits: Eatbch, Shutterstock and Pixabay.
Have you seen our widget service? It allows anyone to embed informative Bitcoin.com widgets on their website. They are pretty cool and can be customized in size and color. The widgets contain only the price, the price and the graphic, the price and the news as well as forum threads. There is also a widget for our mining pool that shows our hash performance.
The post-Venezuelan nonprofit Eatbch celebrates its first anniversary in the midst of hyperinflation, which first appeared in Bitcoin News.