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Coda Bridge and StraitsX Collaborate on Blockchain-Powered Charity Initiative to Support Singapore’s Disadvantaged Communities
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Coda Bridge and StraitsX Join Forces for Blockchain Charity Initiative in Singapore

Coda Bridge Expands Charity Project to Singapore in Collaboration with StraitsX

Introduction

Coda Bridge, a leading blockchain platform provider recognized for its philanthropic efforts, has announced its expansion into Singapore in partnership with StraitsX. The collaboration aims to utilize blockchain technology to issue meal vouchers to underserved communities in Singapore.

Success in Hong Kong

Coda Bridge has already achieved significant success in Hong Kong through partnerships with organizations like Ronald McDonald House Charities and Dignity Kitchen. Their project in Hong Kong distributed electronic meal vouchers to beneficiary families, showcasing the effectiveness of blockchain technology in charity initiatives.

Purpose Bound Money Protocol

The Purpose Bound Money (PBM) protocol enables the directed use of digital currency, promoting transparency and integrity in donations. By leveraging StraitsX’s stablecoin, XSGD, Coda Bridge aims to revolutionize the global charity landscape while adhering to regulatory standards.

Future Prospects

The pilot project in Singapore will demonstrate the efficiency of PBM and XSGD in charity donations. If successful, the initiative could expand to include more charities and social enterprises in Singapore, showcasing the transformative potential of blockchain technology in the philanthropic sector.

Coda Bridge and StraitsX Join Forces for Blockchain Charity Initiative in Singapore
Disclaimer:

The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
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