GSR, the crypto market maker founded by former Goldman Sachs executives, will launch the GSR Foundation with a $10 million pledge the company said will be used to address technological barriers encountered by marginalized communities.
The GSR foundation will support nonprofit organizations around the globe and aims to correct entrenched problems in the philanthropic ecosystem that could be overcome through emerging technologies. Participation barriers disproportionately affect a number of marginalized communities, “including BIPOC communities, women, LGBTQ+, refugees, populations within less-developed economies, and many others,” GSR said.
“We believe that new technologies, like blockchain and crypto, can play an important role in changing this, but this will only happen if no one is excluded from participating,” newly appointed GSR Foundation Executive Director James Newell told The Block.
(By Jeremy Nation)
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