Dash has announced the rollout of a new P2P charity system, offering an automated and distributed form of processing charitable donations, based on Dash cryptocurrency and Dash Text wallet, as it is stated on the website of the project.
The project aims to support children in need financially. According to the developers of the Dash Text system, donations can be made without connecting to the Internet, with the use of SMS messages. The SMS-based Dash Wallet allows benefactors to send funds using Dash at the specified address, and the fund will be immediately distributed among the pool of end recipients.
Co-founder of Dash Text Lorenzo REY explained the advantages of the system:
“Whenever someone makes a donation through our system, the money gets immediately and equally distributed amongst the people you’re donating to, this is completely transparent and traceable on the blockchain, the money is never touched by a human third party inside our system, it is all automated and happens in just a few seconds. Recipients receive a confirmation SMS which might include the name and country of the person who donated. There is no system like this in the world today, all charity donations, including crypto charities right now require some sort of human intermediation.”