The Jamaican bobsled team has qualified to go to the Winter Olympics in Sochi, and the goodwill community behind the virtual currency Dogecoin is helping foot the bill to send the team to Russia by raising at least $30,000 in hours.

Dogecoin & Winter Olympics: An Example of Cryptocurrency’s Power as a Goodwill Tool

Dogecoin & Winter Olympics: An Example of Cryptocurrency’s Power as a Goodwill Tool

Dogecoin & Winter Olympics: An Example of Cryptocurrency's Power as a Goodwill ToolThe Jamaican bobsled team has qualified to go to the Winter Olympics in Sochi, and the goodwill community behind the virtual currency Dogecoin is helping foot the bill to send the team to Russia by raising at least $30,000 in hours.

The virtual currency’s community took it upon itself on Reddit and the money was raised in about a day.

Since dogecoin is volatile, the community exchanged the dogecoins into bitcoins and pledged to transfer 35 bitcoins to the Jamaican  team.

Such is the power of the Internet when combined with the fast-evolving influence of cryptocurrencies.

The Dogecoin Foundation, which led the initiative, describes itself as non-profit organization created to spread the use of the currency through goodwill and charitable endeavors.

“This is a great opportunity to promote dogecoin on the world stage. We also need your help to bring the team’s awareness to the fund by getting in contact with them via facebook, twitter, email, or anything else you might try,” reads the Reddit post that got the fundraising for the Jamaican team started.

 

 

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