“As one of the world’s leading aid agencies in an era of unprecedented humanitarian challenges, CARE seeks to harness innovation in order to enhance our effectiveness. In that connection, we are pleased to accept donations of marketable cryptocurrencies to support our fight against global poverty. We welcome emerging technologies like crypto to help us achieve social impact at scale.”
— Glenn Hutchins, Chair, CARE Board of Directors; Chairman, North Island and North Island Ventures; and Co-Founder, Silver Lake
CARE’s Blockchain and Crypto Programs
CARE has been exploring how emerging technologies like blockchain, distributed ledgers, and digital assets can help meet the needs of the world’s most at-risk people and meet our humanitarian goals. In 2022, CARE successfully completed pilots to test the use of cryptocurrency in Kenya and Ecuador.
CARE Kenya and Binance Charity
CARE Kenya has partnered with Binance Charity Foundation, the charitable arm of Binance, the world’s largest crypto exchange by trading volumes. CARE used Binance’s BUSD stablecoin as a voucher-based system to promote economic recovery from the COVID-19 pandemic among Village Savings and Loan Association groups in Western Kenya. We now seek to grow this pilot program to build financial stability and improve food security for an estimated 3,000 at-risk people living in poverty in the region.
CARE Ecuador and Umoja Labs
Thanks to the support of the Celo Foundation, CARE Ecuador has partnered with Umoja Labs to test the use of crypto-vouchers to help Ecuadorian women and Venezuelan refugees receive health services. We now seek to grow this pilot program to expand access to health services and nutrition for 10,000 Venezuelan and Colombian refugees and migrants, mostly women and children. Learn more.