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We cannot put a value to oxygen—or CRED’s coins

By Sanjana Ramachandran in BFO #274, 30 Apr, 21

On Tuesday, online credit card payments platform CRED partnered with Milaap, a healthcare fundraising platform, to donate one billion litres of oxygen via concentrators to hospitals and healthcare non-profits across the country. 

CRED is letting users exchange 10,000 CRED coins per 1,000 litres of oxygen, which led to rejoicing among India’s elite and Twitterati. CRED’s users had finally found a purpose for their accumulated coins, earned by paying their credit card bills on the platform.