The Ocean Cleanup Foundation is conducting the biggest cleanup of the world’s ocean in the entire human history. The Organisation aims to clean up 90% of the world’s ocean by 2040. The first project is launching on 8th September 2018 in the Great Pacific Garbage Patch. The first cleaning system is called “System 001”. The organization claims to clear 50% of the garbage in the patch in the next 5 years.
The organization completely works on donations. Some of the donors include Salesforce CEO Mark Benioff, Billionaire Philanthropist and Bitcoin advocate Peter Thiel, World’s largest shipping company Maersk etc.
The organization started accepting in kind, which includes air miles to cover the cost of travel and now recently the company has started accepting cryptocurrency donations as well. The organization currently accepts Bitcoin, Bitcoin Cash, and Litecoin.
The project was founded by Dutch inventor Boyan Slat when he was 18 years old. He claims that the estimated cost of cleaning the world’s oceans is around 317 Million Euro. The foundation had raised $30 Million in May 2017.
Cryptocurrency for a cause
Cryptocurrencies have seen an increase in the use of social causes. Their quick way of transferring money has made it an attractive alternative to the cash-based transaction. Most notable use of cryptocurrency donation is for the Venenzula crisis, where Reddit user “Window7733” received thousands of dollars in Nano donations to help people from his country.
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