The head of ConsenSys and also Ethereum co-founder Joseph Lubin tweeted that people in Manila will be paid in ETH for cleaning filthy city beaches. He also said that ConsenSys Impact in conjunction with Bounties Network would be funding causes directly without third parties.
“In Manila, participants will be paid in ETH for spending a few hours to clean up one of the most polluted beaches in the world, Bounties Network and ConsenSys Impact are demonstrating a new model where people fund cases directly without intermediaries,” Lubin said.
Bounties Impact is one of the top decentralized applications dApps that lets people get paid directly and transparently. The decentralized app is based on the blockchain – the technology that underpins Bitcoin (BTC) and other cryptocurrencies. It allows anyone to create and launch bounty systems on its platform. The built system can be used to pay those who participate with Ethereum (ETH).
The new initiative “Bounties for the Oceans: Philippines Pilot,” is aimed at encouraging blockchain adoption in the Philippines, according to ConsenSys.
The Philippines is believed to be the ideal place to launch blockchain-based charity initiatives. It is one of the crypto-friendly countries in Asia. The country has adopted Bitcoin and other cryptocurrencies as a legal form of payment. Also, the central bank of the Philippines recently gave Bitcoin the green light. It acknowledged the cryptocurrency as a legal form of payment. As a result, the usage of digital currencies in the country has surged substantially.
Besides ConsenSys, there are also other companies in South Korea that are working with cryptocurrency startups and financial institutions in the Philippines to help drive crypto adoption in the country.
