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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.
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