Cryptocurrencies

Sparo announces partnership with ZamZam Token for Good to explore global cryptocurrency for charitable donations

Sparo announces partnership with ZamZam Token for Good to explore global cryptocurrency for charitable donations

Sparo, a Microsoft for Startups company, is focused on leveraging its proprietary technology with partners to help democratize online social giving while building a diverse portfolio of partners

Potomac, MD., March 10, 2022 /PRNewswire/ — Sparo, a Microsoft company for startups committed to revolutionizing corporate social responsibility for retailers and online merchants, today announced a long-term partnership with ZamZam Prothe only Sharia-compliant token, marking its entry into the global cryptocurrency market.

According to a Citibank report, the combination of donations from individuals, foundations and corporations adds approximately $550 billion to the global economy.1 With this significant increase, interest and use of charitable donations, Sparo and ZamZam will engage in a strategic partnership to explore opportunities to leverage both Sparo’s proprietary technology and ZamZam’s blockchain network to create a smoother experience for people wanting to donate cryptocurrency to nonprofits around the world. world.

“We are pleased to partner with Sparo with the goal of giving every citizen of the world the joy of giving to their favorite cause,” said Hamed Fakhro, founder and CEO of ZamZam. “And even further, we’re proud to be working on a solution that will allow diverse communities to donate through a Shariah-compliant system, so that more diverse nonprofits get the support they need every day. .”

Sparo’s services are powered by a plugin that integrates seamlessly with all e-commerce platforms, allowing online shoppers to designate a percentage of their sale to a charity of their choice at checkout. . ZamZam is an open-source platform on the blockchain network that allows anyone to send a token directly to an institution. Together, the two global companies will explore how to use emerging technologies across blockchain, AI and more to develop a low-carbon solution for Web 3.0 that will allow shoppers to send a charitable donation, whether either through a token or otherwise, in support of a cause of their choice when shopping online.

“We are honored and delighted to partner with ZamZam Pro to deliver lasting social impact in a rewarding, transparent and accountable way to people around the world,” added Rob Sobhani, CEO of Sparo. “At Sparo, we’re working towards a bold vision to ensure businesses and retailers have the tools readily available to make a difference and support their shoppers’ causes, through diverse payment methods and with diverse donors in mind. .”

Shish ShridharGlobal Retail Lead at Microsoft for Startups, said, “We are thrilled to see Sparo working with ZamZam to help nonprofits around the world and become a force for good.

To learn more about Sparo’s offerings, visit https://www.sparo.com/.

About Sparo Corporation
Sparo is a Microsoft for Startups company founded by an academic entrepreneur Rob Sobhani democratize global charitable giving. Through its six granted patents, Sparo aims to become a globally significant company by monetizing the intersection of e-commerce and philanthropy, gaming and giving, raffles and charity, and AI and donations. Sparo operates worldwide and is a member of Holland based on WorldStartups.

About ZAMZAM (ZAMZAM token)
ZAMZAM is a pledge for good. It builds an open-source platform on the blockchain network that allows anyone to support a person/project around the world by sending their token directly to a store, contractor, hospital or any other type of establishment: that 100% of donations reach their recipient.

1 For large economies, i.e. those accounting for around 75% of global GDP, it is possible to have a reasonable perspective on the total value and we focus on this figure in our benchmarking. Currently, we calculate that figure at approximately $550 billion by combining industry data for individual giving, foundation giving, and corporate giving. Source: Citibank Philanthropy and the Global Economy Report, November 2021

Contact:
[email protected]

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