A Malaysian company is developing a blockchain-based app for charities
Cointelegraph
Published Sep 12, 2020 01:00PM ET
Updated Sep 12, 2020 02:40PM ET
Malaysia-based company IBF Net said it is seeking to implement blockchain technology in Islamic charities.
According to a press release on its blog, blockchain technology will enhance the confidence of existing donors. It will also encourage new donors to give their zakat, a payment made under Islamic law for charitable giving, and sadaqah, or voluntary charity. The product, called RecurPay, will be on the Tezos platform and facilitate recurring and automatic small payments.
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Written By: Cointelegraph
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