Polygon co-founder launches Nepal crypto relief drive

Polygon co-founder Sandeep Nailwal has launched a stablecoin donation channel for Nepal’s official disaster fund, with Blockchain for Impact pledging $100,000 to the campaign. Summary The campaign accepts cryptocurrency before converting the funds into Nepalese rupees for the government relief fund. Polygon’s Open Money Stack, Coinme and Cross River Bank support the donation infrastructure. Blockchain for Impact has committed $100,000 to the Nepal relief campaign. The initiative follows separate Nepal relief commitments from Ripple and the Solana community. Stablecoins provide a route into Nepal’s disaster fund Sandeep Nailwal said in a Sep. 4 X post that he had opened a cryptocurrency donation route for people seeking to support relief and reconstruction in Nepal. Rather than sending digital assets directly to a government-controlled wallet, the system collects cryptocurrency and converts the proceeds into Nepalese rupees. The local currency then enters the Prime Minister’s Disaster Relief Fund through recognized financial channels, according to Nailwal. Today we're launching a crypto campaign to support the people of Nepal and contribute to the Government of Nepal's Prime Ministe...