• Blockchain project helps restaurants
    Commentary,  Technology

    Blockchain project steps up to save businesses hit by coronavirus

    As well-meaning as the Save Your Business initiative is, there are sadly some flaws to the concept

    The coronavirus pandemic has hit restaurants, retailers and millions of other small businesses hard. Now, a blockchain startup is attempting to mitigate the economic impact of COVID-19 for companies who have been forced to close their doors. Enterprise blockchain developer Tatum’s nonprofit Save Your Business project is designed to deliver much-needed cashflow to firms that saw their income practically dry up overnight.

  • Square joins coronavirus loan program
    Bitcoin,  Technology

    Crypto-friendly Square joins coronavirus loan program

    Square joins PayPal and QuickBooks in U.S. government’s $350 billion stimulus loan and grant program for small businesses and their employees—after a fight

    Twitter founder Jack Dorsey’s Bitcoin-friendly payment processing company Square is among the fintechs taking part in the U.S. Paycheck Protection Program, potentially offering a more nimble platform to quickly get loans and grants to small businesses slammed by the coronavirus pandemic.

  • Dorsey gives $1 billion COVID-19 fight
    Bitcoin,  Innovators

    Jack Dorsey will ‘start small,’ giving a quarter of his fortune to COVID-19 fight, girls education

    The Twitter and Square CEO will also support universal basic income, says he wants to see philanthropy’s ‘impact in my lifetime’

    On April 7, Twitter and Square founder Jack Dorsey tweeted on his @jack account that he will give $1 billion—more than a quarter of his fortune—to fight the COVID-19 epidemic. After that, the funds will be used to advance health and education initiatives for girls, and advocate for universal basic income.

  • Celo Foundation’s Alliance for Prosperity
    Cryptocurrencies,  Technology

    Celo Foundation’s Alliance for Prosperity seeks financial inclusion

    The social impact stablecoin’s 50 supporters will build mobile dApps aimed at bringing cheaper remittances, microloans, and humanitarian aid to the poorest

    Announced on March 11, the 50-member Alliance aims to support the Celo blockchain by building a variety of mobile phone-based financial tools aimed broadly at combating poverty and inequality.