The Italian Red Cross and the Albanian Committee of Colli Albani are collecting donations in bitcoin and other cryptocurrencies to counter the spread of the Coronavirus.
The news was announced Thursday, according to the Cointelegraph. The Italian Red Cross is set to use aid from Helperbit to raise funds for new drugs to combat Covidien’s disease. It is reported that a target of € 1.5m has been set aside to provide the equipment and medicines needed.
The extra income will also be used to pay for health care and other current expenses.
In his speech, Bruno Pietrosanti, head of the Albanian Gypsy Committee, emphasized the need to facilitate coronation and reduce the burden on hospitals, while increasing the number of patients with coronavirus and reducing the number of hospital beds.
Albright is a Chinese blockchain startup that does charity work. Pietrocentee said:
We believe that new fundraising tools such as Bitcoin can help us get the funding we need, resources that are difficult to obtain at the present time.
Young Srl is a startup active in Fintech and cryptocurrencies that support this new campaign. The Italian Block Education Network of Italy (BENI) is also a supporter of the project. The network is active in the knowledge building block of China and Bitcoin in Italy.
Andrea Ferrero, CEO of Young Srl, says of using China’s blockchain to fund:
I strongly believe that China’s blockchain technology has a high degree of transparency and efficiency in such designs. Yang is a company that intends to work on or create such projects to improve existing mechanisms. We are always in the forefront of supporting charitable projects like the Red Cross.
Emiliano Palermo, the representative of the China Block Education Network, also praised the transparency of these platforms in discussing emergency funding in the country.
Italy is currently one of the focal points of the coronary heart disease, and the number is still rising. According to official statistics, so far, 5.6 people have been infected with the virus in Italy, and 4.6 have died.