In time for Ramadan: Crypto zakat picks up speed with new service in Malaysia
KUALA LUMPUR - When Adam Mashrique set out to pay part of his zakat contribution in bitcoin for the first time last Ramadan, few options were open to him.
A growing number of charities had opened up cryptocurrency accounts, the Kuala Lumpur-based blockchain architect noted, but few donation services could handle transactions beyond credit card and PayPal.
Sensing an opportunity, this year he set out to help equip Malaysian peer-to-peer fundraisers to bring bitcoin contributions online. This led to the launch last week of the first cryptocurrency service by Islamic social finance platform GlobalSadaqah, on which he consulted.
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