Polygon Foundation CEO Sandeep Nailwal has announced a cryptocurrency donation campaign to raise money for Nepal’s Prime Minister Disaster Relief Fund. The initiative is earmarked entirely for flood relief, with donations designed to be verifiable on-chain from end to end. The fundraising setup is backed by Polygon’s Open Money Stack, alongside Coinme and Cross River Bank. According to the announcement, Open Money Stack can accept any supported token from any blockchain. Donations will be collected in stablecoins and then converted into local currency before being deposited into the government relief fund account. The funds are intended to support rescue work, shelters and the supply of essential materials. Blockchain for Impact has already pledged $100,000 to the campaign, giving the effort an initial committed contribution as it begins collecting donations.
Polygon Foundation CEO Sandeep Nailwal has announced a cryptocurrency fundraising campaign for Nepal’s Prime Minister Disaster Relief Fund.
According to the announcement, all donations will go toward flood relief, and the full process will be verifiable on-chain.
How the campaign is set up
The effort is supported by Polygon’s Open Money Stack (OMS), Coinme and Cross River Bank. OMS can accept any supported token from any chain.
Donations will be collected in stablecoins and ultimately transferred in local currency into the government relief fund account. The money is intended to fund rescue operations, shelters and essential supplies.
Initial pledged donation
Blockchain for Impact has committed $100,000 to the campaign.
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