The Electric Coin Company (ECC), the company behind the privacy-focused Zcash (ZEC) cryptocurrency, has launched the “Crypto in Context” program to educate less privileged regions on the benefits of cryptocurrencies.
On July 29, it has been reported in a blog post that the effort touts itself as a crypto education, assistive and collaborative movement, looking to impact regions where individuals lack financial service access and other difficulties.
However, the post said that the program harnesses “hands-on” interaction and fellowship, utilizing players from the crypto sector.
The report also stated that cryptocurrency holds a number of financial benefits, including wealth storage, income generation, lending, and borrowing through decentralized finance (DeFi) to name a few.
Likewise, crypto offers a way out of the centralized system controlled by governments and big companies. Many global regions, such as Venezuela, have faced various issues including surging inflation.
Some US populations also lack the necessary prowess to unlock crypto and blockchain-based opportunities.
The ECC’s program looks to educate and assist regions that may benefit from financial options outside the system.
The ECC’s blog post explained:
“An initiative connecting industry leaders with underserved and burgeoning communities — for dialog and discovery, networking, and collaborative workshops focused on cryptocurrencies and financial literacy.”
Thus, it is not clear whether or not the program is a global effort.