Cryptocurrency is basically the digital version of cash money. It is a digital asset known as alternative or virtual currency. You would never be able to have any physical hold on this type of currency because it’s only available in a digital form, though it does have all the properties of physical currencies. Crypto is designed specifically to work as a medium of exchange in a way to secure financial transactions. It’s also strongly used to verify the transfer of assets and to control the creation of additional units.

Cryptocurrencies open up new opportunities for transforming AiD into digital assets and create trust between charitable organizations and donors. The traditional charity has always been more of a one-shot thing, once you have donated, you generally don’t know where it went. And, after the money is spent, it stays gone. There is simply no renewability factor in traditional charity models, and it is quite hard to have sustainable charity projects with traditional charities.