Leadership Meets Innovation: PhilSocial Expands the Crypto for Good Movement Through Landmark Ethiopian Partnership With former Ethiopian Prime Minister

TheNewsCryptoPublicado a 2026-01-21Actualizado a 2026-01-21

Resumen

PhilSocial, a blockchain-based social platform, has announced a landmark partnership in Ethiopia, supported by former Prime Minister Hailemariam Desalegn. This initiative aims to provide financial inclusion and community upliftment through its Give-to-Earn model, which rewards users for engagement and enables peer-to-peer support instead of traditional charity. Ethiopia, with its growing youth population and digital adoption, represents an ideal environment for scalable blockchain solutions. The partnership is part of PhilSocial’s broader Crypto-for-Good vision to use decentralized technology for social impact, starting in Africa with plans for global expansion.

PhilSocial, a blockchain-powered social platform dedicated to rewarding users for their time and engagement, has announced its plans to provide financial opportunity and community upliftment to Ethiopia. This initiative will position the country as a foundational example of how decentralised technology can deliver social impact at a peer-to-peer level.

As part of this initiative, PhilSocial collaborated with Hailemariam Desalegn, former Prime Minister of Ethiopia, to discuss the role of PhilSocial’s blockchain-enabled social app in fostering a Give-to-Earn mechanism that encourages digital participation, connection, and community-led impact across the region.

Ethiopia, one of Africa’s oldest nations and a country defined by its deep cultural heritage, resilience, and innovation, has struggled economically, particularly in rural areas where opportunities and adoption are more challenging. With a rapidly growing youth population and increasing digital adoption, the country stands at the intersection of tradition and transformation, making it ready for scalable, people-centred financial solutions such as cryptocurrency and blockchain.

Through PhilSocial, individuals have access to the traditional features of social media, but the difference is that users are rewarded for their time and engagement. These rewards accumulate over time and can be unlocked by giving to a cause created by the community. Rather than relying on traditional charities, PhilSocial encourages users to support each other on a peer-to-peer level.

“This is a historical moment for us, and for Ethiopia,” said Jerry Lopez, CEO and Founder of PhilSocial. “What we are building is a blueprint that can be replicated across Africa and other underserved regions worldwide. When communities are given the right tools, they can empower themselves and help build a better future for all.”

In response to the partnership, Hailemariam Desalegn, former Prime Minister of Ethiopia said, “I understand the importance of financial inclusion and the need for innovation to start in Ethiopia. I am thrilled to be the face of PhilSocial for Africa and to spearhead this giving movement on the continent”.

The initiative reflects PhilSocial’s broader vision of the Crypto-for-Good movement, where blockchain technology can be used to provide financial inclusion and access for all. With its social app at its core, PhilSocial aims to bring people together across borders, religions, cultures, and economic statuses for one shared purpose – to help rebuild individual lives and communities.

As PhilSocial continues its global expansion, Ethiopia serves as a powerful example of how decentralised platforms can unlock opportunity one community at a time. This is the first of its partnerships for 2026, with many more on the horizon.

About PhilSocial

PhilSocial is a blockchain-powered social ecosystem designed with a Give-to-Earn mechanism that rewards users for their time, engagement and community impact. Through its decentralised rewards model, users can participate in a global community built around transparency, inclusion, and purpose. PhilSocial is part of the growing Crypto-for-Good movement, using technology to empower individuals and communities worldwide.

Contact Person:

Tatum April
Chief Marketing Officer of PhilSocial
tatumapril@philsocial.io
www.philsocial.io

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Preguntas relacionadas

QWhat is the main purpose of PhilSocial's initiative in Ethiopia?

AThe main purpose is to provide financial opportunity and community upliftment through a blockchain-powered social platform that rewards users for their time and engagement, positioning Ethiopia as a foundational example of how decentralized technology can deliver social impact at a peer-to-peer level.

QWho did PhilSocial collaborate with for this Ethiopian initiative and what was discussed?

APhilSocial collaborated with Hailemariam Desalegn, former Prime Minister of Ethiopia, to discuss the role of PhilSocial's blockchain-enabled social app in fostering a Give-to-Earn mechanism that encourages digital participation, connection, and community-led impact across the region.

QHow does PhilSocial's Give-to-Earn mechanism work for users?

AUsers are rewarded for their time and engagement on the platform. These rewards accumulate over time and can be unlocked by giving to a cause created by the community, encouraging peer-to-peer support instead of relying on traditional charities.

QWhat did Jerry Lopez, CEO of PhilSocial, say about the significance of this initiative?

AJerry Lopez stated that this is a historical moment for both PhilSocial and Ethiopia, and that what they are building is a blueprint that can be replicated across Africa and other underserved regions worldwide, empowering communities to build a better future.

QHow does this initiative fit into PhilSocial's broader vision?

AThe initiative reflects PhilSocial's broader vision of the Crypto-for-Good movement, using blockchain technology to provide financial inclusion and access for all, bringing people together across different backgrounds to help rebuild individual lives and communities.

Lecturas Relacionadas

Dan Koe: The Counterintuitive Truth—You Don't Need to Remember Everything You Read

Dan Koe: The Counterintuitive Truth — You Don't Need to Remember Everything You Read The central idea is that deliberately trying to remember information is often misguided. True learning isn't about memorizing facts but about having important knowledge surface naturally when needed through use. Most forgetting is normal, not a failure. The article reframes learning using a control theory framework—a four-step feedback loop: having a clear Goal, accurately Sensing your current state, Comparing the gap, and Acting to close it. Most learning stalls because people only do step 2 (blind input) without a goal to create the necessary "error signal" for focused action. The most effective method is to start with output, not input. Begin a meaningful personal project first, and learn only what's necessary to complete it. This project-driven, "just-in-time" learning ensures knowledge is contextual and retained. The concept of a "Second Brain" often fails because it becomes a digital graveyard—over-collected and under-utilized. The goal should be building a "Second Subconscious"—a dynamic system that proactively surfaces relevant ideas during creation, not a static storage vault. Tools like Obsidian+Claude or Eden can help by automating organization and enabling semantic search, but their value depends on linking knowledge to active projects. Ultimately, what matters is not what you store, but what you filter and internalize. Focus on ideas that shape your worldview, use projects as filters, and transform collected material through writing and sharing. AI should be used to reduce friction in research and editing, not to formulate your core views. In conclusion, remembering is a byproduct, not the goal. Knowledge that sticks comes from pursuing personal goals, applying it in real projects, and digesting it through creation. The tools are merely aids; the crucial step is to start doing meaningful work and let the necessary knowledge find you.

marsbitHace 51 min(s)

A New Era: The Fundamental Transformation of China's Entrepreneurs

A profound generational shift is underway among Chinese entrepreneurs. The wealth and influence once dominated by real estate and internet giants is now being claimed by a new wave of founders driving breakthroughs in AI, semiconductors, and robotics. This change is vividly reflected in 2026's wealth rankings. Figures like Zhang Yiming (ByteDance), Liang Wenfeng (DeepSeek), Chen Tianshi (Cambricon), and Wang Xingxing (Unitree Robotics) are ascending. Their wealth stems not from traditional business models but from market expectations for future technological competitiveness, with AI, chips, and smart hardware becoming the primary engines of wealth creation. Their common trait is a foundational focus on technology, often starting from the laboratory rather than a business plan. Examples include Chen Tianshi's decade-long push in AI chips, Liang Wenfeng's core algorithmic innovations at DeepSeek with a compact team, and Zhu Yiming's "no salary until profitable" 9-year journey to build Changxin Memory into a global DRAM player. This transition marks a fundamental shift in China's economic imperative: from commercial expansion and learning to indigenous innovation and deep industrial capability. While the previous generation built the foundational market and infrastructure, this new cohort is tasked with achieving global leadership in core technologies, moving China from "keeping pace" to pioneering original, breakthrough innovations that are industrialized at scale. The baton is being passed to those competing on the world stage through technological originality.

marsbitHace 51 min(s)

A New Era: The Fundamental Transformation of China's Entrepreneurs

marsbitHace 51 min(s)

Japanese Financial Giant Holding $42 Billion in XRP Explains the Reason for XRP's Price Drop!

A Japanese financial giant, SBI Holdings, which holds $42.2 billion worth of XRP, has attributed the recent price decline of XRP to regulatory uncertainty in the United States. CEO Yoshitaka Kitao stated that investors are cautiously awaiting the outcome of the U.S. Clarity Act, a pivotal cryptocurrency regulation bill currently pending Senate approval. This hesitation, he explained, has exerted downward pressure on the broader crypto market and specifically on XRP's price. Despite the current market weakness, SBI reaffirmed its long-term confidence in XRP, emphasizing its continued status as a strategic asset for the company. The firm's substantial holdings underscore its commitment to the digital asset despite short-term regulatory headwinds.

cryptonews.ruHace 1 hora(s)

Japanese Financial Giant Holding $42 Billion in XRP Explains the Reason for XRP's Price Drop!

cryptonews.ruHace 1 hora(s)

How Fake World Assets and onchain gacha became crypto’s latest craze

The crypto space is buzzing with a new trend called Fake World Assets (FWAs), a gamified onchain "gacha" system. Users pay to spin for a random NFT backed by Ether, with prizes from collections like CryptoPunks and Azuki. Shortly after launch, FWA briefly became Ethereum's top gas consumer, generating $1.53 million in daily fees at its peak. While its Total Value Locked has climbed over $6 million, critics like investor Simon Dedic argue the frenzy is driven more by token incentives than genuine demand, labeling it gambling for "crypto degens." Proponents see it as an innovative fusion of collectibles, speculation, and play. The protocol has two sides: NFT holders provide liquidity to earn fees, while players chase valuable prizes. Analysts compare the appeal to a lottery, offering hope and entertainment. The key question is whether onchain gacha represents a lasting retail use case for crypto or just another short-lived speculative craze. Its longevity will be tested as initial hype and rewards diminish.

cointelegraphHace 1 hora(s)

How Fake World Assets and onchain gacha became crypto’s latest craze

cointelegraphHace 1 hora(s)

Once-Popular Web3 Enters Wave of Layoffs

The once-hot Web3 industry is experiencing a severe wave of layoffs. While many companies attribute job cuts to AI-driven restructuring, the primary reason is often financial pressure. The Web3 sector, at the intersection of tech and finance, has been hit particularly hard. Employees at major cryptocurrency exchanges report sudden, impersonal layoffs—often with system access revoked overnight—and minimal or no severance. Common tactics include setting impossible performance targets or terminating employees for minor policy violations. The working atmosphere has become toxic, marked by intense monitoring, excessive meetings, and management obsessed with control and internal politics rather than product innovation. The industry's core business model is collapsing. Exchange revenue from trading fees and listing charges has plummeted due to a decline in quality projects and retail investor exodus. Events like the massive forced liquidation on October 10th further shattered confidence. Competition from on-chain derivatives platforms and prediction markets is intensifying the downturn. As layoffs continue, displaced workers struggle to find new opportunities. Many transition to the AI sector, but face significant bias from traditional finance and even some AI firms, which view crypto industry experience with suspicion. The current downturn appears more structural than cyclical, driven by unsustainable practices, internal strife, and a failure to innovate, raising questions about the industry's future trajectory.

marsbitHace 1 hora(s)

Once-Popular Web3 Enters Wave of Layoffs

marsbitHace 1 hora(s)

Trading

Spot