OmiseGO Donates 1 Million Dollars to GiveDirectly

[kreslik.news]

OmiseGO is donating 1 million dollars in OMG tokens to refugees via GiveDirectly, according to a blog post entitled “Stateless payments for stateless people”. Ethereum founder Vitalik Buterin also donated money, it adds.

The blockchain company greets visitors to its website with the slogan “Unbank the Banked”. Its goal is to deliver “financial self-sovereignty through disintermediation”, allowing people to bypass the traditional financial system which it says imposes unnecessary barriers and costs. It explains that it does not intend to wholly dismiss centralised systems, but “create a system that selects for intermediaries who add value rather than simply extracting rent.”

Plasma

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