Polygon co-founder launches crypto donation drive for Nepal disaster relief

ChainCatcher report: Sandeep Nailwal, co-founder of Polygon and CEO of the Polygon Foundation, posted that today he launched a cryptocurrency initiative to support the people of Nepal and donate to the Prime Minister’s Disaster Relief Fund, with donation access available via a designated link. This pathway leverages blockchain technology to ensure funds reach the government relief fund in local currency. The initiative is supported by Polygon’s Open Money Stack, Coinme, and Cross River Bank. Blockchain for Impact has pledged a $100,000 donation. Nailwal stated that stablecoins are ideal for rapidly delivering funds to those in need. He noted that he was born in the Kumaon region of Uttarakhand, India, bordering Nepal, and that his maternal family also hails from this area. Communities on both sides of the border have been interconnected for generations through family ties, culture, faith, cuisine, trade, and daily life; India and Nepal are often described as sharing a “roti-beti ka rishta”—a bond of shared meals and family ties. He encourages people to use stablecoins to contribute to Nepal’s relief and reconstruction efforts.