The Electric Coin Company, or ECC, the outfit behind the privacy-focused Zcash cryptocurrency, has initiated the Crypto in Context Program.
The effort touts itself as a crypto education, assistive and collaborative movement, looking to impact regions where individuals lack financial service access and other difficulties, a July 29 ECC blog post said. The program harnesses “hands-on” interaction and fellowship, utilizing players from the crypto sector, the post said.
The effort keys on regions in need
Cryptocurrency holds a number of financial benefits, including wealth storage, income generation, lending and borrowing through decentralized finance, or DeFi, to name a few.
Crypto offers a way out of the centralized system controlled by governments and big companies. Many global regions, such as Venezuela, have faced various issues including surging inflation. Some U.S. populations, however, also lack the necessary prowess to unlock crypto and blockchain-based opportunities.
Crypto in Context looks toward education
The ECC’s program looks to educate and assist regions that may benefit from financial options outside the system.
The ECC’s blog post explained the program as:
“An initiative connecting industry leaders with underserved and burgeoning communities — for dialog and discovery, networking, and collaborative workshops focused on cryptocurrencies and financial literacy.”
It is unclear whether or not the program is a global effort. Cointelegraph reached out to the ECC for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.