To enhance trust and accountability in the charitable space, philanthropic blockchain ecosystem Philcoin has signed an agreement with Indacoin, a British fiat-to-cryptocurrency conversion gateway.

Jerry Lopez, CEO and founder of Philcoin, noted that the partnership would be a springboard to change the way donations are made by giving credit and debit card holders the opportunity to instantly purchase their native token, PHL, at at least 180 countries.

Lopez stated:

“We have a user base of over 250,000 people worldwide through our app and we expect this number to skyrocket with our new partnership. Imagine how much potential that holds when millions of people can use Philcoin and its donate and earn products to empower themselves and empower others.”

The deal also prompted a seamless integration within Philcoin’s decentralized application called PHILApp, which features a number of products and features with a donate and earn element aimed at teaching users how to give.

Through its blockchain-based ecosystem, Philcoin seeks to instill trust in the charity sector by driving accountability and providing the world’s population living in deprived areas with adequate internet access.

The blockchain philanthropic movement proved that digital giving and global impact generated reciprocal abundance.

According to the report:

“Philcoin aims to create the world’s largest movement of philanthropists. Indacoin’s reach and exposure will help spread the word about Philcoin which, in turn, will help inspire millions of people to give back.”

Earlier this year, Philcoin established a participation mechanism that would allow users to donate part of their earnings to a charity of their choice within PHILApp.

The staking mechanism was expected to help Philcoin create a global philanthropic movement by changing the way donations are made, Blockchain.News reported.

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