Al Jalila Foundation Receives Historic Cryptocurrency Donation to Support Cancer Charity Hospital
A groundbreaking philanthropic gesture has taken place in the UAE, as Al Jalila Foundation, a key player in the Mohammed Bin Rashid Al Maktoum Global Initiatives focused on medical innovation, received its first-ever cryptocurrency donation to support the Hamdan Bin Rashid Cancer Charity Hospital in Dubai. This significant move marks the UAE foray into the world of cryptocurrency donations for charitable causes.
The generous donation, the first of its kind in the UAE, comes from the founders of QUINT, a revolutionary token advocating the mainstream adoption of DeFi and cryptocurrencies. QUINT founders have pledged an equivalent of $16 million in cryptocurrency to support the Hamdan Bin Rashid Cancer Charity Hospital. This transformative contribution is set to be unlocked through a carefully devised mechanism, aligned with the hospital construction plan.
Named the "QUINT Bone Marrow Transplant Centre" upon launch, the facility will cater to cancer patients who otherwise could not afford specialized medical treatment. The donation is poised to significantly impact the lives of both adults and children battling cancer, with the intention to support bone marrow transplants for conditions like leukaemia, lymphoma, and other life-threatening illnesses.
Dr Abdul Kareem Al Olama, CEO at Al Jalila Foundation, expressed gratitude for QUINT groundbreaking contribution. He noted the foundation constant quest for innovative ways to expand donation channels and emphasized how crypto philanthropy has emerged as a sustainable and impactful fundraising source for charitable causes.
QUINT, a flagship crypto and DeFi project on the Binance Smart Chain, has introduced innovative super-staking pools that provide investors with real-world perks, rewards, and investment opportunities. The project also houses a unique NFT Market Place, bringing digital art into the realm of real-world collectors and enthusiasts. The partnership with Al Jalila Foundation aligns seamlessly with QUINT commitment to community well-being and its mission to connect the Metaverse with the real world.
As Mohammed Al Bulooki, chairman of Quint, highlighted, this groundbreaking donation not only supports Al Jalila Foundation transformative work in medical research but also propels the mainstream adoption of cryptocurrencies and DeFi. Quint founders, developers, and partners are proud to contribute to the foundation mission and be at the forefront of crypto philanthropy in the UAE and the Middle East.
This historic donation serves as a testament to the growing synergy between innovative blockchain technology and traditional philanthropy, paving the way for greater contributions and positive impact on crucial humanitarian causes.