Business Daily Media

Business Marketing

.

Coda Bridge Launches First-of-its-Kind Purpose Bound Money Blockchain Charity Project in Hong Kong

Supported by Ronald McDonald House Charities Hong Kong and Dignity Kitchen

HONG KONG SAR - Media OutReach Newswire - 14 May 2024 - In a groundbreaking initiative today, Coda Bridge introduced Purpose Bound Money (PBM) — the first innovative charity project of its kind in Hong Kong.

Pictured above - Mr. James Loh, Chairman of Coda Bridge (right) and Ms. Grace Fung Oei, RMHC Global Board of Trustees and RMHC Hong Kong Chairperson (left).
Pictured above - Mr. James Loh, Chairman of Coda Bridge (right) and Ms. Grace Fung Oei, RMHC Global Board of Trustees and RMHC Hong Kong Chairperson (left).

Ronald McDonald House Charities Hong Kong has been selected as the charitable organisation to be part of the pilot program. With this program, every eligible family will receive an electronic meal voucher of HK$500 (limited quota of 200 families) to dine at Dignity Kitchen, a top-notch social enterprise in HK with majority of their employees being physically challenged and disadvantaged.

This pilot project leverages blockchain smart contract technology and a simple web-based Purpose Bound Money (PBM) platform to distribute and facilitate utilization of the vouchers. PBM ensures that all funds are directed precisely to causes and locations specified by donors. This not only guarantees that the donors' intentions are honored but also introduces an unprecedented level of transparency and integrity in the donation process.

"Coda Bridge's collaboration with RMHC HK and Dignity Kitchen through this charity project is a testament to the impact of innovation technology for social good." said James Loh, Chairman of Coda Bridge.

The versatility of the PBM platform extends beyond charity. It is poised to revolutionize the management of education funds, government disbursements, e-commerce, prepaid packages, and cross-border payments, enhancing the precision and efficiency of fund utilization. The PBM platform makes the digital money programmable, ensuring that funds are used for specific purposes and enhancing the transparency and controllability of funds.
Hashtag: #CodaBridge

The issuer is solely responsible for the content of this announcement.

About Coda Bridge

Coda Bridge, headquartered in Hong Kong and backed by leading venture capitalists, merges the expertise of seasoned financial and IT professionals. Our company harnesses the power of FinTech to innovate and drive efficiency in digital transactions through our blockchain based Purpose Bound Money platform, tailored for specific financial needs.

News from Asia

Brainwave Crypto Announces Entry into Hong Kong Market

Plans to Apply for License and Provide Cryptocurrency Trading Services SINGAPORE - Media OutReach Newswire - 20 June 2024 - With Hong Kong gradually easing restrictions on cryptocurrencies, well-...

HDBank: Credit growth is bright spot for banking

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 21 June 2024 - As of June 14, credit growth has reached 3.79 per cent compared to the end of last year, according to a report by the State Ban...

SOPA Announces the winners of its 2024 Awards for Editorial Excellence

Executive Editor of The New York Times, Joseph Kahn, spoke about the vital role of journalism in a polarized era HONG KONG SAR - Media OutReach Newswire - 21 June 2024 - The Society of Publishers ...

Seven in ten (77%) Singapore shoppers would be open to receiving online orders without added delivery packaging

Toilet rolls, detergents and toiletries are all fine in their original packaging, survey says – but some personal care and high value items should be covered.

Giveaway.com Unveils Penny Win, The Future of Investing Starts With Pennies

VILNIUS, LITHUANIA - Media OutReach Newswire - 21 June 2024 - Giveaway.com is set to launch a new feature, Penny Win, at the end of June 2024. This feature enables users to engage in micro-investm...

CDNetworks Unveils iGaming Solution Built on Its Newly Upgraded Flood Shield 2.0 Platform

SINGAPORE - Media OutReach Newswire - 21 June 2024 - CDNetworks, the APAC-leading network to deliver edge as a service, today unveils its new iGaming Solution, which leverages the capabilities of...

Creatory, MoneyHero Group’s Multi-Channel B2B2C Influencer Platform, Collaborates with The Club to Boost Hong Kong’s Creator Economy

HONG KONG SAR - Media OutReach Newswire - 21 June 2024 - Creatory, a multi-channel B2B2C influencer platform and a subsidiary of MoneyHero Limited (NASDAQ: MNY), today announced its collaborati...

Revolutionize Business Start in Hong Kong with SetupHK’s Groundbreaking $1 Company Setup Program

HONG KONG SAR - Media OutReach Newswire - 21 June 2024 - In a bold move to bolster Hong Kong's entrepreneurial spirit during challenging economic times, SetupHK, a leading one-stop business consu...

The Compliance Development of PTOUNX Exchange: Co-creating the Future of Cryptocurrency

COLORADO, USA - Media OutReach Newswire - 21 June 2024 - PTOUNX Exchange recently announced enhanced compliance measures, strengthening its position in secure and compliant cryptocurrency trading...

PTOUNX Exchange: Bridging the Cryptocurrency Economy

COLORADO, USA - Media OutReach Newswire - 21 June 2024 - PTOUNX Exchange has unveiled a series of innovative financial products designed to bridge the gap between traditional finance and the cryp...

Popular

Tips to start a recycling business

Starting a recycling company is a good way to generate income and also support the environment. Each day the number of people who become aware and recycle what they throw in the trash increases. Governments are creating new ini...

Compare Club launches ‘Join The Club’, in partnership with Nine

Australia’s leading personal finance marketplace and advice company Compare Club has launched its first-ever brand-focused campaign via global creative agency Archetype, titled ‘Join The Club’.  The animated advert is designe...

Malcolm Turnbull opens The Melt - Australia’s first hardware tech innovation hub

The Melt is Australia’s first fully-integrated accelerator and industrial prototyping lab for hardware that is poised to expand the economy by $50M over the next two years.   Brent Bagnall, Founder and CEO of The Melt, and for...