On February 10, the creators of the Bitcoin Cash-powered nonprofit food drive EatBCH celebrated its first anniversary. The charitable organization has come a long way since its inception feeding Venezuelans and extending to other poor regions like South Sudan.
Two individuals started EatBCH with only a $5 donation. With that tiny fraction of BCH, the nonprofit managed to give 40 arepas in one location, and the team saw the potential of that kind of charity.
“After a few months, we were giving thousands of meals each week in 23 locations in 6 states of the country,” EatBCH Venezuela co-founder José explained. However, José said the country’s economic situation has not improved.
“A few days ago, the Venezuelan-Colombian crossing was blocked to avoid tons of aid from entering to the country—And the Venezuelan people highly need this. Inflation has skyrocketed to unseen levels, as high as 2,500,000 percent,” José noted while discussing the first anniversary.
“According to many economists worldwide, it will reach 10,000,000 percent at the end of the year and the level of uncertainty and fear we feel right now is unimaginable—For most of the people who receive hot meals each week, we are their only guaranteed meal that they can count on,” the EatBCH co-founder added.
Aside from helping Venezuelans, the operation also branched off into South Sudan last year. The region has one of the world’s highest inflation rates, and South Sudan citizens have been dealing with a lack of daily nourishment and economic turmoil.
“[EatBCH South Sudan] has been doing an amazing job providing meals for thousands for people who have been escaping the ongoing war,” José said. The organization has also caught the attention of Coinbase CEO Brian Armstrong who believes digital currencies can give individuals in need economic freedom. “In terms of crypto helping people (the utility phase emerging) this is pretty awesome,” Armstrong said at the time.
José also elaborated how the co-founders started the organization and debated on how it would operate. Some individuals asked the group to accept various cryptos, but the nonprofit decided to accept only one. “Bitcoin Cash was and still is, the best cryptocurrency for us—It has the lowest fees, ensuring that we won’t lose your donations because of transaction costs,” José’s anniversary blog post reads.
“[Bitcoin cash] has widespread exchange support and it’s also easy to use, so we could convince merchants to accept BCH,” the co-founder noted.
The EatBCH team expressed their gratitude to the BCH community and the volunteers who helped them. “I thank you all deeply from the bottom of my heart for all your help and support,” José ended.