Easter 2019: Success: a well has been built in Kwakyekrom. Steemit Kids World foundation reports funding was enabled within three months. Transferring funds to Ghana using blockchain took only seconds. Finally, a local drilling company worked a week to build the well after they had arrived at the place.
Steemit Kids World: “The whole process was not easy... what we thought could be less stress turned out to be bigger than our expectation. Everything started slow but with the help of youarehope, impactn and other steemians we managed to come out with the well.”
For those not familiar on how money-transfer via blockchain works: US-$ or Euro may be exchanged to blockchain currency on a lot of exchanges. This currency can be transferred worldwide for zero fees within three seconds instead of an expensive wire transfer. Blockchain technology makes this extremely secure. The final step is an exchange the blockchain currency into the local currency Ghana Cedis, used to pay material and workers.