Digital currency exchange Crypto.com has donated $i 1000000 to Water.org, a make clean-water initiative co-founded by Matt Damon and Gary White in 2009.

The direct donation volition go toward supporting Water.org's mission of ending the global water crisis by providing safe water and sanitation to people in need, the companies appear Monday. The partnership is also aimed at exposing H2o.org to Crypto.com's more than 10 million users, who are also existence encouraged to donate to the project.

Damon cited the ongoing fiscal transformation brought on by cryptocurrency as 1 of the chief motivations for partnering with Crypto.com. "As our fiscal solutions and platforms evolve, nosotros can use them for proficient," he said. "Crypto.com and H2o.org are both working toward positive transformation, and our innovative, financial solutions will help change lives and the world."

Crypto.com has quickly emerged equally one of the fastest-growing digital currency platforms in the globe. The visitor rose to prominence by offer its customers a crypto-focused Visa card that pays out rewards for staking Crypto.com Coin (CRO), the platform's native cryptocurrency. Equally Cointelegraph recently reported, the exchange has expanded its insurance programme to cover up to $750 one thousand thousand, reflecting heightened consumer protection standards in the manufacture.

The cryptocurrency manufacture has ushered in a new era of charitable gifting every bit its newly rich participants expect to give back to their communities. Charity: H2o, which has a similar mandate as H2o.org, raised $1.iii million in June through a Bitcoin (BTC)-focused trust. Crypto donations platform The Giving Block has also facilitated charitable contributions for dozens of organizations past providing them with the tools and resources to begin accepting crypto contributions.

Related: Charitable sustainable NFTs for the United nations' 17 SDGs

Many nonprofits opened their coffers to crypto donations in the wake of the Taliban's takeover of Afghanistan in August. Crypto donations are also existence used to back up suicide prevention, ethical journalism and even a universal basic income project.