|[March 29, 2014]
Digital Currency Comes to Aid of Girl Scouts Who Were Scammed With Counterfeit Bills
LOS ANGELES --(Business Wire)--
today announced that its community members have raised funds for the
Rancho Cucamonga Girl Scouts, who were recent victims of counterfeit
Earlier this month a man and a woman approached two Girl Scouts and
purchased cookies with fake $50 bills. The same day at another location
it happened again with more counterfeit bills. The Girl Scout troop lost
$200 during the scam.
This is the first fundraiser for Karmafund.me, the charitable giving arm
of the Karmacoin.me community, launched earlier this month.
Karmafund.me's mission is to provide gifts to community and social
causes worldwide. The community raised enough money to cover the Girl
Scouts' loss in less than 24 hours.
"It's perhaps a bit ironic that a digital currency would come to the
rescue of the victims of a fake currency scam. This was probaby why we
were so compelled to help out. We wouldn't want this incident to
diminish the Girl Scouts' mission of building courage, confidence, and
character," said Tony Sorel, Director of Karmacoin. "Our own motto is
based on good deeds towards others, so both organizations share a common
"Digital currencies like Karmacoin can be used for microtransactions and
small donations. Traditionally, the cost of transferring small amounts
of money is cost-prohibitive due to high fees involved. Using Karmacoin,
anyone can send funds essentially free of charge to anyone else in the
world," said Mr. Sorel.
Karmacoin.me Key Features
Secure and anonymous transfers
Funds transacted in seconds and automatically verified in minutes
Every transaction is recorded on a publicly-accessible ledger
Credit card-like chargebacks are not possible, protecting merchants
Transaction costs for transfers essentially free
Ability to transfer the digital wallet to paper
Founded in 2014, Karmacoin is a P2P digital currency, like Bitcoin. Its
system is designed to be used as an incentive and reward mechanism for
people, companies, and schools. The Karmacoin mission is to make it easy
to send any amount of money to friends, family, co-workers, neighbors,
students, employees, charities, and others over the Karmacoin network
securely and reliably.
For further information, visit the Karmacoin website at www.karmacoin.me
and the Karmafund website at www.karmafund.me
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