Iran crypto developers launch platform for flood-victim aid | Iran News

Tehran, Iran – When a massive natural disaster strikes in most countries, the global community takes notice, comes together and sends humanitarian aid, including financial donations.

But sending aid to heavily sanctioned Iran isn’t so simple.

After Iran suffered devastating floods this spring that left an estimated two million people in need of humanitarian assistance, the Iranian Red Crescent Society (IRCS) said that United States sanctions were impeding its relief efforts – including its effort to receive foreign financial aid for flood victims.

Frustrated by the spectre of politics interfering with humanitarian needs, members of Iran’s crypto community came together to create IranRescueBit, a blockchain-enabled online platform for facilitating aid donations made in cryptocurrencies.

Launched this week, the platform, which was developed by volunteers independently of the government, will accept donations in bitcoin, Ethereum and Litecoin.

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