Moving from a centralised plan to a decentralised plan with respect to donations, says ADRN Executive Director
When millions in Texas, US experienced a week-long storm with sub-zero temperatures, impassable streets, burst water pipes and days without power last month, cryptocurrency offered at least partial relief from the economic fallout, as donations for the victims poured in from all over the world.
In Austin, the Texan capital, the Austin Disaster Relief Network or ADRN has set up a crypto donations’ platform that now accepts Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI) and Amp (AMP) from donors who are looking to help uninsured families combat financial hardship following the disaster.
The organisation began accepting crypto donations last Wednesday and has since only received one payment worth roughly $700 in Ether. However, the organisation believes that this is only the beginning and expects more people to come forward and donate crypto, citing the growing popularity of digital currencies.
The amount of donations that have poured in, both from fiat and cryptocurrency, has enabled ADRN to assist more than 1,000 families, though there may be more than 4,000 households in the Austin area still in need of help.
The organisation has collaborated with The Giving Block to seamlessly accept crypto donations and has decided to convert digital coins into fiat.
“We intend to accept donations via cryptocurrency essentially forever,” said Michael Gish, ADRN’s chief financial officer.
The organisation currently provides funds directly to families in the form of prepaid Visa gift cards. However, this process may soon change as Daniel Geraci, executive director for the ADRN is considering the possibility of directly sending crypto to the needy in event of future disasters. This might especially come in handy when neither the organization nor those affected can safely travel to deliver funds in person.
Geraci exclaimed that he had never thought of crypto up to this point but had been considering using technology means to “Get funds out in a catastrophic disaster fast enough to assist all of our families in need.”
“It’s an uphill battle raising funds when all the cameras are gone,” said Geraci. “We’re preparing for more catastrophic events […] We’re going from a centralized plan to a decentralized plan,” he added.