Philcoin Makes Decentralized Donations Easier With Indacoin Partnership

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Cryptocurrency 1 hour ago (Nov 27, 2022 05:00AM ET)

Philcoin Makes Decentralized Donations Easier With Indacoin Partnership Philcoin Makes Decentralized Donations Easier With Indacoin Partnership

  • PhilApp and Indacoin collaborate to help users directly buy and donate Philcoin (PHL) conveniently using a card.
  • The dApp offers 5% APY in a first-of-a-kind staking mechanism where donations can help users earn staking rewards.
  • Founder and CEO Jerry Lopez said that it is the first time philanthropy has reached a peer-to-peer level.

PhilApp, a dApp of Philcoin, has recently collaborated with Indacoin, a crypto exchange that lets users buy crypto directly with a card. The partnership allows PhilApp and Indacoin users to directly buy and donate Philcoin (PHL) conveniently using a card.

With free skill development courses, PhilApp can help people learn to become accredited individuals or accredited training providers. It also offers 15% APY in a first-of-a-kind staking mechanism where donations can help users earn staking rewards. In addition, there is an NFT-based reward program called Give and Get NFT which rewards those who successfully refer the app to their friends, acquaintances, and family.

The announcement comes when there has been a record crypto ownership where many of the owners are new users. Credit and debit cards are one of the world’s most widely used payment systems. Such convenient payment systems will help retain current users and easily onboard new ones.

Interestingly, there is a social angle involved with PhilApp. PhilSocial is a yet-to-be-released platform that attempts to change how users view their content. It would also have an element of earning where users could earn using their own content.

Commenting on PhilApp’s features, founder and CEO Jerry Lopez said that it is the first time philanthropy has reached a peer-to-peer level. He added that NGOs and institutions created numerous challenges where funds would not arrive on time or were insufficient during crises.

Further, being on blockchain, brings transparency, efficiency, and speed to charity. He also acknowledged that the app has dual benefits for both donors and receivers.

PhilApp is the core of Philcoin, a decentralized movement that aims to create accountable charities. Philcoin addresses the need for speed, transparency, and accountability through blockchain technology. With decentralized charity, funds will flow faster and with greater transparency.

Aiming to create a decentralized network where donations are easy and do not set donors back financially, PhilApp has been designed to represent the spirit of donate-to-earn. Through the dApp, donations will have double the benefits of helping others and rewarding users. Even if users cannot donate, there are plenty of other activities they can explore to help communities that are in need.

The post Philcoin Makes Decentralized Donations Easier With Indacoin Partnership appeared first on Coin Edition.

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