Why are fans of Crypto supporting Ethiopia?

The hashtag #ETH has been popping up frequently in the lead up and during the Olympic Games in support of Ethiopia

The hashtag #ETH has been popping up frequently in the lead up and during the Olympic Games in support of Ethiopia. However, this hashtag has been mainly used on those from the Crypto community, but why?

Those who support the crypto company Etherium have been those who are part of this supporting movement due to the companies ties with the country.

No, Jack Dorsey isn't trolling ETH by making its logo the Ethiopian flag

(image source: Twitter)

Earlier this year, Etherium launched EthiopiaDAO as a way of helping decentralize the country through blockchain education. This will mean the future of Ethiopians who struggle to prove their banking and ownership identity will be helped through the use of blockchain.

There had also been talks of Etherium sponsoring their Olympic team, so let’s see what happens in Paris 2024!