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.

TagsPhilSocialPress 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

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

Ray Dalio, founder of Bridgewater Associates, warns in an interview that the current AI boom shows classic bubble characteristics, which could lead to significant economic downturns as seen in past cycles like 1929 or 2000. He explains that speculative enthusiasm, fueled by debt and overvaluation, often precedes a crash when rising rates or taxation force asset sales, causing widespread losses and recession. Dalio also outlines his "Big Cycle" theory, describing an approximate 80-year pattern where widening wealth gaps, massive government deficits, and shifting geopolitical power (like China's rise) create internal conflict and global instability. He emphasizes that we are in a late-cycle, transitional phase where traditional powers like the US and UK face decline. For personal wealth protection, Dalio advises diversification beyond cash into assets like stocks, bonds, real estate, and particularly gold, which he prefers over Bitcoin. While he holds about 1% of his portfolio in Bitcoin as a non-printable hard asset, he views gold as more secure from technological or governmental threats. Regarding AI's impact, Dalio believes it will disproportionately benefit capital owners, worsening inequality by replacing both physical and cognitive labor. He suggests that human intuition and emotional intelligence, combined with AI, will be key for future workers. On taxation, Dalio argues that wealth taxes are impractical and risk triggering asset sell-offs, reducing productive investment. He points to the UK as a cautionary example of debt, low productivity, and political strife. Geopolitically, Dalio foresees a more regionalized world, with the US showing weakness in prolonged conflicts like with Iran, akin to past imperial declines. The ideal outcome, he suggests, is coexisting powerful blocs (e.g., Americas, China-Asia Pacific) without major war.

marsbitHace 2 hora(s)

In Conversation with Ray Dalio: We Are Currently in an AI Bubble, with 1% of My Portfolio in Bitcoin

marsbitHace 2 hora(s)

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

South Korean stock market sees a dramatic shift in fund flows. On July 31, foreign investors made a record net purchase of approximately KRW 7.2 trillion in KOSPI stocks, marking a fundamental reversal from the persistent large-scale net outflows seen in previous months. This contributed to a significant narrowing of foreign net selling in July to KRW 9.8 trillion, down sharply from KRW 48.4 trillion in June and KRW 44.5 trillion in May. Simultaneously, domestic institutional pressure eased. South Korean pension funds and asset managers turned to a net buying position in July, purchasing KRW 1.0 trillion worth of KOSPI shares, contrasting with net sales in May and June. Market volatility is expected to be dampened by new financial regulations. Effective July 31, the Financial Services Commission tightened access for retail investors to single-stock leveraged ETFs by raising the minimum cash deposit requirement. Trading volumes for these products subsequently dropped to about 50% of their monthly average. Citigroup Research maintains its year-end KOSPI target of 10,000 points. The firm cites several supportive factors: the substantial easing of headwinds from capital outflows, a robust fundamental outlook for the semiconductor sector, historically low market valuations, strong economic fundamentals, and the potential for policy support from financial authorities if needed.

marsbitHace 2 hora(s)

Daily 7.2 Trillion KRW: Foreign Capital's Record Net Buying on Friday! Wall Street Says Headwinds for Korean Stock Fund Flows Have Subsided

marsbitHace 2 hora(s)

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

The article discusses using dice rolls to generate secure Bitcoin wallet seeds, providing entropy independent of potentially flawed hardware random number generators. It explains that each fair dice roll offers about 2.585 bits of entropy, with around 50 rolls needed for a standard 12-word seed phrase and 99+ recommended for higher security. This method gained attention after a vulnerability was revealed in some Coldcard hardware wallets, where a faulty firmware RNG (dating back to 2021) compromised generated keys. The analysis notes that while a dice-generated main seed was safe from this specific flaw, other Coldcard functions (like creating paper wallets, backup keys, or passwords) could still be vulnerable if they used the defective RNG. The piece argues that while dice-based entropy is technically robust, the manual process is error-prone, tedious, and unrealistic for most new users, who might make mistakes in recording or inputting rolls. It concludes that while manual entropy generation should remain an option for advanced users, the long-term goal is to develop reliable, user-friendly hardware and software that securely generates randomness without requiring specialized knowledge. Coldcard users are advised to check their firmware version and replace any secondary secrets (like paper wallet keys) created with vulnerable devices, while also considering multi-signature setups with devices from different manufacturers for added security.

cryptonews.ruHace 7 hora(s)

Thanks to Dice Rolls, Bitcoin Keys Are Stored Offline, But Not Everyone Will Do It

cryptonews.ruHace 7 hora(s)

Trading

Spot
活动图片