Today, six significant charities in Singapore signed a Memorandum of Understanding (MOU) with Crypto.com, a renowned global leader in regulatory compliance, security, and privacy with over 80 million customers. The purpose of the MOU is to help foster the acceptability of contributions in digital assets, which Crypto.com will handle and change to fiat currency on behalf of the charities. The six participating charities are The Salvation Army Singapore, Limitless, CARE Singapore, Cycling Without Age Singapore, Dementia Singapore, and MINDS.
Through a relationship with Crypto.com, the organizations would be able to safely and securely receive contributions in digital assets, possibly growing donor pools to support their humanitarian causes and assist the most disadvantaged.
The collaboration will also look at joint Web3, GenAI, and blockchain projects to address issues like enhancing cross-border payments and transparency that the non-profit sector faces. Additionally, Crypto.com and the
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