SANTA CLARA, Calif.--(BUSINESS WIRE)--In a “friendraising” event being held on November 2, 2017 at the iconic Deco Building in downtown Los Angeles both high tech blockchain-powered startups, FundCru and IDLogiq, will bring concerned citizens, influencers and philanthropists together to explore how to engage Southern California in events to help the victims of recent California wildfires.
FundCru, a new and innovative fundraising technology, is providing a unique cryptocurrency solution for fundraising in the aftermath of the massive fires throughout California. FundCru is working to get money to Californians suffering from the effects of the recent devastating fires in California using its unique fundraising technology. They are going live with their service ahead of schedule to help deliver needed funds to victims of the recent California fires - and thanks to blockchain technology, the service is available at no cost. Initial roll out for the effort will be between November 13th and 19th to coincide with the Northern California ChefsGiving promotion and gala.
Now along with their credit cards or PayPal, donors who wish to do something to help, will be able to use cryptocurrencies to make gifts to those in need without paying any transaction fees. 100% of one’s gift will go directly to the service agencies working in the disaster areas.
FundCru's Chief Marketing Officer, Patricia Wilson, says, "In a time when we only hear of negativity and bad news, it is gratifying to see our state pull together to address the recent wildfire tragedies. I’m on the committee for ChefsGiving in the Bay Area and when I was asked by individuals in Los Angeles area if they could also help - I was thrilled! And to add a crowdfunding option with the world’s first cryptocurrency option? Well this just demonstrates how philanthropic Californians are!"
The November 2nd event will bring together Southern California leaders who are seeking ways to help their follow citizens in need in both Northern and Southern California.
Founded in 2015, FundCru is a blockchain-powered fundraising platform that funds causes through e-commerce transactions and direct donations. FundCru distinguishes itself from other fundraising platforms by supporting both cryptocurrency and fiat money on all transactions, providing fundraisers with a large percentage (typically 25%) of gross sales from eCommerce transactions, and forgoing platform fees for donations.
FundCru aims to use its business model and blockchain technology to provide fundraisers with a wealth of additional revenue sources, merchants with significantly improved outreach and marketing, and supporters with more ways to help their causes.
IDLogiq is a blockchain-powered, cryptographic anti-counterfeiting pharmaceutical company which aims to end global fake drugs. Counterfeit medications result in one million deaths globally per year and costs $200B+ in annual revenue. The death toll and economic damage from fake drugs continue to grow each year.