Charities are making giant leap towards cryptocurrencies in corona crisis

ripple etehereum and bitcoin and micro sdhc card
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Peter Howson, Nottingham Trent University, U.K.

This year was a leap year. In normal circumstances such a thing is nothing to celebrate in England, aside from an extra February day of bad weather, and waiting a day longer for one’s pay cheque. Today, how we all miss February. I will probably never forget that day in early March. A stranger in the street asks me where I had brought my 2 pints of milk (I paid £3 cash for it in the village pub as they were locking the doors indefinitely), before joining the queue at the fish and chip shop to buy a sack of potatoes. All our plans for the year; holidays, work projects, moving house, everything that was once considered concrete has changed in a matter of weeks for almost everyone in the whole world, in different ways.

The pandemic has triggered an unprecedented government support package for UK businesses, including for charities plugging the gap in underfunded medical and social care systems, weathered by a decade of austerity measures. The UK Finance Minister admits the £750 million of extra funding to support ‘front-line’ charities will not save them all from collapse during the corona crisis, while the charity sector as a whole faces a £3.7 billion shortfall over the next 12 weeks. Many social enterprises, small and international NGOs are in dire straits, as revenue from charity shops dries up, and nothing that was expected from summer events comes in during the lockdown. Cancellation of this month’s London marathon alone is estimated to cost the sector £66m. Continue reading “Charities are making giant leap towards cryptocurrencies in corona crisis”