New, innovative use cases for cryptocurrencies are cropping up daily. Virtual currencies have slowly emerged as a fortress for helping to fund victims of sexual harassment and assault. Extremely high levels of privacy is one of the attributes that continue to accelerate their use on this front, with Seeds leading the way.
Seeds Crypto Campaign
Seeds is a good example of how a sexual assault victim used the power of cryptocurrency to secure a crowdfund of $500 USD. The woman reportedly used a cryptocurrency payment processor Seeds to raise the amount. The amount plugged the financial hole when she could not work for months.
Crypto-powered crowdfunding is becoming increasingly popular in part because it does not come with excessive restrictions or requirements. Traditional crowdfunding sites like Kickstarter require one to provide a government-issued ID and an account before launching a campaign. However, that is never the case with crypto-powered funding rounds.
Seeds, for example, allowed the sexual assault victim to raise the $500 USD without revealing her identity. The victim only made herself known to the platform’s CEO, Rachel Cook. Similarly, the victim received a token as a gift from the CEO that allowed her to seek help in 30 apps that use Seeds tools. Likewise, users donated through the in-app using their credit cards.
“I met this woman in person, by coincidence, and we started talking about #MeToo movement. People who experience sexual harassment or assault at work are often afraid to speak up or leave because they can’t afford to lose that job,” cook in a statement.
Cryptocurrency Power
The anonymous crowdfunding drive attests to how women in the cryptocurrency space are slowly helping each other. In Afghanistan for instance, an abuse survivor discreetly earned Bitcoin (BTC) to pay for a divorce. Likewise, in North America, a model is currently saving some cryptocoins to help in alleviating the fallout from a detrimental mental condition.
Cryptocurrencies are increasingly providing people with ways of overcoming obstacles. Virtual coins are also helping to empower women that most of the time would struggle to become independent. Seeds has processed dozen of requests for help ranging from as little as $100 USD to as much as $1,200 USD.
Buoyed by the success of the crowdfunding, Cook says they intend to make the anonymous request more accessible. The anonymous requests will initially target cryptocurrency newbies that are in dire need of legal and mental health costs.
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