{"type": "project", "title": "RemittDAO", "logoImg": "bafkreiglhcobn5dhwozwu5aepbk4n2y23zoqiyjuawbfgqlrrizvcbqdca", "website": "https://remittdao.io", "bannerImg": "bafkreibwg7vh2vjzgh7yxziscsnofruk4s2i3cepjrclylwkkqooswu4si", "createdAt": 1681674500900, "credentials": {}, "description": "### RemittDAO in one sentence\n> To educate migrant workers about the benefits, safety, and logistics of digital remittances without the need of a bank or documentation.\n\nA intro video: https://youtu.be/9pbV_CypspQ\n\n### Why this DAO could change the World\n\nThink about this:\nThe MORE wealthy you are, the LESS fees you pay to send money abroad.\nThe more IMPOVERISHED you are, the HIGHER fees you pay.\n\nMigrant workers rely on remittance payments to support their families back home, but the cost of sending money can be high.  Families who are unbanked or undocumented are forced to use costly payment service providers that charge high fees and have longer wait times than banks. These fees disproportionately impact impoverished families.\n\nDigital tools can alleviate this issue, but physical outreach is needed to educate communities about the logistics of digital remittances. RemittDAO is working to establish educational support groups within local communities to familiarize people with digital currency and provide a humanitarian solution.\n\n### RemittDAO is an education DAO\n\nRather than creating yet another digital tool to facilitate transactions, RemittDAO's mission is different. RemittDAO's mission is to:\n\n- Coordinate with local migrant support groups, NGOs & social impact DAOs in the region. Build a community of people who care about the issue.\n- Provide F2F learning workshops experiencing sending & receiving digital remittances on the tool that meets their needs.\n- Promote Web3 culture among those in developing nations.\n\nLet's build wealth and break the cycle of poverty at the same time.\n\nCheck what RemittDAO have done over the past few months at https://www.youtube.com/@remittdao/videos.\n\n### Why Gitcoin Grants? \n\nGrant funding will make more workshops possible by covering travel expenses, venue and equipment rental fees, and accommodation costs. ", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "RemittDAO"}
RemittDAO
### RemittDAO in one sentence
> To educate migrant workers about the benefits, safety, and logistics of digital remittances without the need of a bank or documentation.

A intro video: https://youtu.be/9pbV_CypspQ

### Why this DAO could change the World

Think about this:
The MORE wealthy you are, the LESS fees you pay to send money abroad.
The more IMPOVERISHED you are, the HIGHER fees you pay.

Migrant workers rely on remittance payments to support their families back home, but the cost of sending money can be high.  Families who are unbanked or undocumented are forced to use costly payment service providers that charge high fees and have longer wait times than banks. These fees disproportionately impact impoverished families.

Digital tools can alleviate this issue, but physical outreach is needed to educate communities about the logistics of digital remittances. RemittDAO is working to establish educational support groups within local communities to familiarize people with digital currency and provide a humanitarian solution.

### RemittDAO is an education DAO

Rather than creating yet another digital tool to facilitate transactions, RemittDAO's mission is different. RemittDAO's mission is to:

- Coordinate with local migrant support groups, NGOs & social impact DAOs in the region. Build a community of people who care about the issue.
- Provide F2F learning workshops experiencing sending & receiving digital remittances on the tool that meets their needs.
- Promote Web3 culture among those in developing nations.

Let's build wealth and break the cycle of poverty at the same time.

Check what RemittDAO have done over the past few months at https://www.youtube.com/@remittdao/videos.

### Why Gitcoin Grants? 

Grant funding will make more workshops possible by covering travel expenses, venue and equipment rental fees, and accommodation costs. 
RemittDAO