Startup Blockchain for Change created new mobile app Fummi for homeless New Yorkers to access financial and government services

Briefing

Startup Blockchain for Change created new mobile app Fummi for homeless New Yorkers to access financial and government services

December 11, 2017

Briefing

  • Blockchain for Change – New York City startup developing blockchain technology for low-income groups to access financial and government services and help service providers more efficiently identify homeless people
  • Fummi Mobile App – 3,000 homeless will receive smartphones pre-installed with Fummi, mobile app with digital wallet for holding dollars and cryptocurrency Change Coin, and enables tracking of activities like checking into shelters, paying for showers, haircuts, and clothes
  • Homeless New Yorkers – More than 60,000 homeless spending nights in New York shelters and without digital identities, restricting access to financial and government services.
  • Next – Distribute 200,000 Fummi-enabled smartphones by end of 2018 Q2, with plans to launch public initial coin offering in future

Accelerator

Sector

Information Technology

Organization

Blockchain for Change

Source

Original Publication Date

December 6, 2017

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