LACK OF TRANSPARENCY
Utilizing smart contracts, NGO Xchange creates transparent records and real-time funds tractability of donations, expenses, and contracts with suppliers, eliminating the possibility of fraud and simplifying donor/foundation compliance regulations.
SECURITY AND RISK
The NGO Xchange uses a distributed ledger providing instant and unobstructed transfer of funds between HQ and field offices to pay program expenses. This avoids local government corruption, risk to employees carrying large amounts of cash, and easy repatriation of funds.
SPEED AND FEES
Using the NGO Coin, financial fees when transferring funds between HQ and field offices and vendors are reduced from current high levels to .15%.