A Pennsylvania pharmacist feeds thousands of homeless people using cryptography

A Pennsylvania pharmacist feeds thousands of homeless people using cryptography – Mail Bonus

Pennsylvania pharmacist Kenneth Kim always had “a long way to go in terms of cryptography” that could “make the world a better place.”

In 2019, he founded what is now known as Crypto for the Homeless (CFTHL), a registered non-profit organization in New Jersey that has fed more than 5,000 homeless people around the world using digital currencies.

“I always had a desire to take part in some kind of cryptographic project. “If it made the world a better place, it would be the best possible course of action,” Kim told the Cointelegraph.

While a pharmacy student at Temple University of Philadelphia from 2018 to 2021, Kim passed many homeless people on his way between campus and home.

It was also around this time that the new Blade Runner 2049 film premiered, which shows a dystopian future where people are multiplied by technology, but the gap between rich and poor is as wide as ever.

Instead of begging for money, the homeless were begging for digital credits:

“I guess the film is trying to convey that we are so far into the future that even the homeless have completely embraced this new way of using currency.

How cryptography fits into the picture

It was then that Kim got the idea to use cryptocurrencies to raise and distribute funds to help those in need:

“Basically, after that, I was thinking, what if I could use it to raise money for the homeless more efficiently and maybe I could go out and feed them?

On April 28, 2019, Kim delivered her first four meals to Philadelphia Homeless. Three years later, the organization has celebrated its third anniversary and fed thousands worldwide with the help of cryptocurrencies and a tireless volunteer network.

Source: Crypto For The Homeless

Kim said one of the main reasons he chose to use cryptography was due to its diffuse nature. Funds may not be frozen or locked by the authorities:

“The main reason I started the project in cryptocurrency is that I had a very bad experience with PayPal.

The pharmacist said that there were more than a few times where PayPal would close or freeze accounts for various reasons:

“I did not like the idea that there is a central power that can do that at any moment. So I thought, if I use cryptography, then it’s literally impossible for that to happen. I have full control over it. “

Another reason is that it significantly reduces barriers to reimbursing its volunteers internationally, Kim said.

The CFTHL model works by reimbursing volunteers who buy hot meals and handing them over to homeless people in their home areas. Volunteers would provide receipts to prove the food they purchased and photos of homeless people who received it. After confirming that the ceremony was genuine, Kim’s organization would reimburse the volunteers with the code of their choice:

“We’ve had a lot of people volunteering for us abroad, and because we use cryptography I just could not worry about any wiring or anything like that.

The human element

In a statement on the three-year anniversary of the CFTHL, Kim said that his organization “never set out to solve homelessness”, but rather to reintroduce the human aspect of charity – something that was “sorely lacking in most other projects”.

CFTHL volunteers need to look for homeless people and provide them with food in person to get a refund:

“It’s about being physically present and distributing the food, no matter where they are, especially if it’s in the middle of the highway, or like under a bridge in their tent.

Kim felt that many charities “lacked human involvement” in something that always bothered him:

“It felt like a lot of them were very cold, you know, it lacked a human part in it. If I donate to a soup kitchen or the Red Cross, I would not see the effect. I do not think they post on social media or post pictures or anything like that, so I’m not even sure what’s going on with the money. “

The CFTHL monitors every contribution that the organization has received from the beginning and provides an official ledger that allows them to see how the money is being spent.

Crypto for the Homeless is still a relatively small organization, with only two full-time staff and about 10-20 volunteers working regularly. His organization has raised nearly $ 75,000 since its inception.

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Kim runs the institute as well as working as a full-time pharmacist at CVS Pharmacy in Pennsylvania. The founder hopes to put pressure on an additional 3-5 volunteers in the coming years and expand its operations to more countries.

To date, his organization has provided food to homeless people in the United States, Canada, Australia, New Zealand, Nicaragua, Paraguay, Thailand, India, and many others.


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