🎙️Mercy Corps Ventures: Learn About Their Crypto for Good Fund $1M in Grants
Also how crypto enables global financial inclusion and climate resilience
Did you know that out of the 1.4 billion unbanked people in the world, 1.1 billion have access to mobile phones - a powerful tool for financial inclusion. By using crypto wallets on their mobile devices, this unbanked population can take charge of their financial futures and participate in the global economy like never before.
The power of crypto to bring about real change is undeniable, yet very few nonprofits are actively exploring its potential to improve the lives of the underserved.
That's why I was thrilled to discover Mercy Corps Ventures (MCV), the impact investment arm of the global nonprofit Mercy Corps, and their commitment to investing in crypto for good.
I recently interviewed Kenneth Kou, Lead Crypto for Good Fund of MCV, to understand:
Their motivation
The transformative power of crypto
Their crypto field experiments
Their $1M crypto for good fund
Podcast with Kenneth of Mercy Corps Ventures, time-stamped notes below:
0:50: Kenneth's Story into Impact Investing + Web3
5:14: Deepa on Crypto for Unbanked, El Salvador Bitcoin Experiment
6:12: Why MCV got into Crypto
10:44: How Crypto Fixes Unbanked Problem
15:35: MCV's Investment Areas
19:33: Crypto for Good Fund Criteria
21:45: How Crypto Fixes Humanitarian Aid
26:39: Crypto Adoption Challenges
33:32: MCV on Blockchains
35:31: Message for Web3 Builders
Crypto for Good Fund
If you’re building web3 solutions in any of the following areas, apply for MCV’s Crypto for Good Fund by March 31.
Access to credit for underbanked users
Nature-based solutions for climate resilience
Humanitarian aid delivery
Transparent supply chains
Crypto-enabled wallets for underserved users
The MCV Fund will provide equity-free grants of up to $100,000 to ten eligible startups. For more details and how to apply refer here.
Crypto Enables Economic Freedom
Curious how crypto enables economic freedom? 2 mins highlight from the podcast 👇
If you’re a web3 entrepreneur solving for real world problems I’d love to speak to you, reach out to me on Twitter or here on Substack.