Sunday, June 8, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Coda Bridge and StraitsX Partner for Blockchain-Based Charity Initiative in Singapore

November 28, 2024
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on TwitterShare on E Mail


SINGAPORE, November 26, 2024 — Hong Kong-based blockchain platform supplier Coda Bridge has introduced a collaboration with StraitsX, a Singaporean funds infrastructure supplier, to pilot a blockchain-powered charitable initiative. Notably, this system goals to problem digital meal vouchers by blockchain expertise to underserved communities in Singapore, enhancing transparency and accountability in charitable giving.

The pilot venture, working from November 2024 to February 2025, will present Goal Certain Cash (PBM)—a digital voucher tied to particular makes use of reminiscent of eating—to migrant staff and deprived teams. In the meantime, beneficiaries can redeem these vouchers at Dignity Kitchen Singapore, a social enterprise supporting people with bodily and monetary challenges.

How It Works

Coda Bridge will use StraitsX’s Singapore dollar-pegged stablecoin, XSGD, to create and handle PBM digital meal vouchers. Subsequent, beneficiaries will obtain these vouchers by their cell phones and might scan QR codes at Dignity Kitchen to pay for meals. After redemption, Dignity Kitchen will reconcile the vouchers and obtain money from the venture sponsor, Ray of Hope, making certain funds are used as meant.

Notedly, PBM leverages good contracts, making certain that donated funds are solely spent on accepted functions. Fpr context, the initiative builds on Coda Bridge’s earlier success in Hong Kong, the place related vouchers had been distributed to households supported by Ronald McDonald Home Charities and Dignity Kitchen Hong Kong.

Increasing Blockchain Use Circumstances

StraitsX’s involvement aligns with its mission to develop the purposes of digital currencies like XSGD. As a Main Fee Establishment licensed by the Financial Authority of Singapore, StraitsX ensures regulatory compliance whereas exploring improvements reminiscent of cross-border funds. “Programmable cash presents transformative potential, from enhancing transparency in charity to streamlining funds throughout industries,” stated a StraitsX consultant.

This pilot program in Singapore represents a broader imaginative and prescient to make use of blockchain expertise for social good. Coda Bridge goals to combine extra charities and social enterprises into the PBM ecosystem, doubtlessly reshaping how donations are managed globally.

Background and Subsequent Steps

Coda Bridge, backed by enterprise capitalists and headquartered in Hong Kong, is a fintech chief specializing in blockchain-powered monetary options. StraitsX, a part of the Southeast Asian monetary providers platform Fazz, focuses on digital asset cost infrastructure.

If profitable, this venture may develop PBM’s purposes past charitable giving to different sectors requiring clear, purpose-specific fund administration.

For extra data on the initiative or to get entangled, go to Coda Bridge and StraitsX.



Source link

Tags: BlockchainBasedbridgeCharityCodainitiativePartnerSingaporeStraitsX
Previous Post

First Dogecoin ETP Has Just Been Launched, Can DOGE Price Rally 100% In Response

Next Post

The Highest-Paying, 6 Figure Technology Jobs in Each State

Related Posts

Ethereum Enters Strategic Pause: Will Accumulation Below Resistance Spark A Surge?
Ethereum

Ethereum Enters Strategic Pause: Will Accumulation Below Resistance Spark A Surge?

June 8, 2025
Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale
Ethereum

Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

June 8, 2025
Trump–Musk feud becomes memecoin meta, leads to surge in trading volume
Ethereum

Trump–Musk feud becomes memecoin meta, leads to surge in trading volume

June 7, 2025
Ethereum’s Impending Breakout From Key Chart Pattern Teases A Major Rally To $12,000
Ethereum

Ethereum’s Impending Breakout From Key Chart Pattern Teases A Major Rally To $12,000

June 6, 2025
Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership
Ethereum

Hong Kong readying to legalize Bitcoin and crypto derivatives in push for Web3 leadership

June 5, 2025
Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k
Ethereum

Ethereum and XRP steals spotlight in daily gains after Bitcoin reclaimed $106k

June 4, 2025
Next Post
The Highest-Paying, 6 Figure Technology Jobs in Each State

The Highest-Paying, 6 Figure Technology Jobs in Each State

Then They Fight You: Bitcoin and the United States’ Fiscal Crossroads

Then They Fight You: Bitcoin and the United States’ Fiscal Crossroads

Vancouver mayor eyes Bitcoin to bolster city reserves against economic shocks

Vancouver mayor eyes Bitcoin to bolster city reserves against economic shocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In