109: Using Binance to Measure Your Donation’s Impact

In this episode of Silicon Valley Insider, Keith Koo’s guest is Jarred Winn, Senior Vice President of Charity at Binance, the world’s largest Bitcoin and cryptocurrency exchange by volume. Jarred discusses his focus on creating strategies for partnerships and philanthropic campaigns using Binance’s charitable giving platform.

At the beginning of the show, Keith and Jarred give a brief review of Bitcoin and cryptocurrencies, how they function and how to keep digital assets safe. They also discuss the role cryptocurrencies can play in serving charitable giving and philanthropic campaigns and how to measure the impact of those donations. 

Keith discusses how many non-profits are assigned independent ratings on their financial accountability to donors (generally 75% and above is considered an “A+” rating. Jarred mentions how of the $4 million dollars in cryptocurrencies that have been processed thus far via Binance, over 99.5% have gone directly for its intended purpose. Jarred gives examples of how global campaigns giving relief in Australia and Africa have performed and how interested organizations and donors can engage to use their platform.

On this week’s Cyber-Tip, Keith brings to light a renewed focus by bad actors in emailing phishing campaigns specifically targeting corporations that use platforms like Microsoft Office 365 or Google Enterprise.

On this Pivot, Keith and Jarred discuss the future of cryptocurrencies and their potential role in transforming financial accountability.

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