Crypto.com and Matt Damon are Working Together on Developing the Water.org Project
Crypto.com digital currency exchanger donated $1 million to the social project Water.org, founded by actor Matt Damon and engineer Gary White in 2009.
As Crypto.com posted on its blog, the donation will support Water.org’s mission to end the global water crisis by providing safe water and sanitation to those in need.
The partnership will introduce Water.org to over 10 million Crypto.com users, who are also encouraging donations to the project.
Damon stated that Crypto.com and Water.org are working towards positive transformation, and shared innovative financial solutions will help change the world.
Crypto.com rose to prominence by offering its customers a cryptocurrency-focused Visa card. Cardholders are rewarded for hosting Crypto.com Coin (CRO), the platform’s own cryptocurrency. In addition, the exchange expanded its insurance program to $750 million, reflecting the industry’s heightened consumer protection standards.
The cryptocurrency industry has ushered in a new era of charitable giving. In June, the Bitcoin Water Trust, owned by Charity: water, a non-profit organization that launches community projects to provide clean water and sanitation to developing countries, received 32.5949 BTC donations ($2,032 million at the time of writing).