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The managing director of Coinbase, Brian Armstrong, became the first cryptographic entrepreneur to participate in the charity program supported by a billionaire The Giving Pledge, according to reports by CNBC on Friday 21 December.
Founded by the magnates Bill Gates and Warren Buffett, the Giving Pledge campaign is now supported for the first time by a representative of the cryptography industry, with Armstrong joining over 180 pawns including Elon Musk, Ray Dalio, Bill Ackman and Michael Bloomberg.
With the aim of inspiring wealthy people around the world to donate at least half of the net worth to philanthropic causes, The Giving Pledge was established in 2010. In 2018, the pledge accumulated $ 365 billion in donations with signatories from 22 countries. Campaigns attract mainly billionaires and do not force their competitors to actually donate money, according to Wikipedia.
In his commitment, the CEO of Coinbase wrote that he follows his "crazy" [goal to] start a $ 1 billion technology company "about ten years ago, now he has become the founder of a multi-million dollar company, Armstrong noted that he has always had a strong admiration for those" whose ambition to improve the world surpasses any objective linked to personal wealth ", adding:
"Once you reach a certain level of wealth, there is little additional benefit to spend more on you."
Classified as the 14th top crypto of exchange with daily trading volumes, Coinbase is one of the main US cryptocurrency trading platforms and a portfolio. Recently, Coinbase reported that the company carried out the largest cryptographic transfer recorded with a "$ 5 billion on blockchain migration".
At the end of June 2018, Armstrong announced the launch of its charitable program supported by the Crypto community to support people living in emerging markets. The nonprofit initiative GiveCrypto.org aims to help people in need by sending cash transfers to the crypt.
Today, an Irish startup has partnered with the Irish Red Cross to use blockchain technology in a new application that enhances transparency for charitable donations.
Previously, Binance Charity Foundation, a philanthropic division of the major Binance cryptocurrency, has opened a new fundraising channel on its blockchain-based donation platform.
And today, December 21, Coinbase has announced the expansion of its services in six other markets around the world, including countries like Andorra, Gibraltar, Guernsey, Iceland, the Isle of Man and Lithuania.
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