9M raised by Solana-based protocol to decentralize ridesharing According to the Decentralized Engineering Corporation, (DEC), the company behind TRIP, a Solana-based protocol that allows mobility-based applications, the ride-sharing industry is set for a paradigm shift. Web3 protocols will allow new companies and drivers to compete for rides using a matching algorithm. DEC states that riders and companies can join forces on the TRIP platform to compete in a common marketplace. It also gives customers and drivers a stake in the governance of the protocol, which rewards active participants. Teleport is the first service to go live on TRIP. It’s a decentralized ride-sharing app that will be launched by parent company DEC in December. Paul Bohm, CEO of DEC and Teleport cofounder, said that Web3 technology will compete with “closed platforms run corporate monopolies” to be replaced by decentralized protocols that can be open source, competitive and fair for all. Bohm said that additional funding would be used to “launch TRIP permanent in certain cities.” It will also assist the company with its decentralization milestone. TRIP riders can use a blockchain-based payment system to pay USD Coin ( USDC). Solana, fiat currencies, and USD Coin on Solana. Drivers will be able accept the stablecoin directly to their bank accounts, or have it deposited into a wallet. “By making ride-sharing a protocol, Teleport builds what Uber couldn’t build in 2010 and what Uber should be building now,” Ryan McKillen, an ex-Uber employee who was one of the investors that joined the seed round, said. Thursday Ventures was joined by 6th Man Ventures (6th Man Ventures), 305 Ventures, and Common Metal as additional investors. Similar: HTML3 is the solution for Uber’s problem regarding hackers According to Precedence Research, the market for ride-sharing will grow to $344.4 million by 2030. Statista data shows Uber is the most used ride-sharing app worldwide, with 93,000,000 people using it on a monthly basis.
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During ongoing war, Ukraine accepts Bitcoin, Ethereum and USDT donations
The Ukrainian government reached out to the cryptocurrency community via Twitter in the first week after the Russia-Ukraine conflict to raise funds for its troops and civilians. Ukraine now accepts donations in Bitcoin ( TTC), Ether( ETH), and Tether ( USDT).
Ukraine sought international assistance amid military threats in the country. But, time is critical and the official Twitter account for Ukraine has extended its request for assistance to Crypto Twitter.
Support the Ukrainian people. Accepting cryptocurrency donations Bitcoin, Ethereum, and USDT.
BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14
Ukraine / Ukrayina, (@Ukraine).
February 26, 2022
Mykhailo Fedorov (vice prime minister of Ukraine) also shared three wallet addresses. He urged the crypto community for donations to help Ukraine defeat Russian troops. The BTC and ETH addresses are the same. However, the USDT wallet address was TRC-20-based. It is different from the address shared on Ukraine’s official Twitter account.
Support the Ukrainian people
Accepting cryptocurrency donations Ethereum. Bitcoin and Tether (USDTtrc20).
BTC — 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH — 0x165CD37b4C644C2921454429E7F9358d18A45e14
USDT (trc20) — TEFccmfQ38cZS1DTZVhsxKVDckA8Y6VfCy
— Mykhailo Fedorov (@FedorovMykhailo)
February 26, 2022
Vitalik Buterin (prominent crypto entrepreneur), initially believed that accounts asking for crypto donations had been hacked. American diplomat Tomicah Tillemann confirmed that the accounts were legitimate with Olexander Scherba, the Ukrainian Ambassador.
It’s been confirmed by a few sources. For now, I am deleting my warning. Keep alert and be careful when sending irreversible cryptocurrency transactions. https://t.co/Odv5pxf3mp
— vitalik.eth (@VitalikButerin)
February 26, 2022
Ukrainian civilians-turned-refugees have reported the loss of access to their fiat savings and credit cards. As of Saturday, more than 150,000 people had been forced from Ukraine by the United Nations.
My Ukrainian credit cards are no longer valid. Although I am physically safe in Kazakhstan, all of my savings have disappeared.
Crypto is my only source of money, and I can confidently say that $BTC and $ETH will save my life, even if I’m unable to return home.
— ARTYOM FKsDOSOV, @usleepwalker
February 25, 2022
Although there has been confusion about the intended uses of crypto donations, Buterin shared another initiative. This is a decentralized autonomous organisation that focuses exclusively on Ukrainian citizens.
Here’s your chance to help the Ukrainians! Proceeds will go to civilian efforts to help Ukrainians affected by the war. https://t.co/GD7Qlw61nT
— vitalik.eth (@VitalikButerin)
February 26, 2022
UkraineDAO was launched by Nadya Tolokonnikova of Pussy Riot. It started with the release a one-of-1 nonfungible token (NFT), of the Ukrainian flag in order to raise funds for Ukrainian civil organizations that help victims of war.
Cointelegraph reported on Thursday that the Ministry of Defence of Ukraine had received many requests from asking for crypto donations.
Crypto donations can be very helpful. It’s fast, secure, and easy.
Also, consider this method
— timo (@tymo_tt)
February 24, 2022
Unconfirmed but believed to be true, donations to addresses shared by Ukraine may be used directly by government officials, while DAO proceedings will be directed towards citizens’ welfare via NGO.
Related to The reaction of the Crypto community to Russia’s war on Ukraine
Prominent crypto entrepreneurs have made proactive efforts to help the Ukrainians since Thursday. Sam Bankman-Fried, CEO of FTX, was the first to offer monetary support for FTX traders in Ukraine.
We just donated $25 to each Ukrainian on the FTX
Do what you have to do
— SBF (@SBF_FTX).
February 24, 2022
In the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the...