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A Malaysian company is developing a blockchain-based app for charities

Published 09/12/2020, 01:00 PM
Updated 09/12/2020, 02:40 PM
A Malaysian company is developing a blockchain-based app for charities

A Malaysian company is developing a blockchain-based app for charities

Malaysia-based company IBF Net said it is seeking to implement blockchain technology in Islamic charities.

According to a press release on its blog, blockchain technology will enhance the confidence of existing donors. It will also encourage new donors to give their zakat, a payment made under Islamic law for charitable giving, and sadaqah, or voluntary charity. The product, called RecurPay, will be on the Tezos platform and facilitate recurring and automatic small payments.

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