Pineapple World has a policy to donate 20% net profit to charity from all products and business.
We are convinced, that if individuals and businesses donated 20% of their net profit in an 'organic' triple bottom line format starting with the household, kin, relatives, friends, extending to neighborhood and city, it would end extreme poverty and financial inequality, while sustaining healthier capitalism.
On every transaction, a micro portion of Pineapple's net profit automatically goes to charity. To ensure that Pineapple's business is creating social and environmental impact realtime with every transaction.
In the future Pineapple's donations will expand to organizations in grassroots locations where our mobile users originate. The following organizations are presently on our donation list:
1. St. Judes Children's Research Hospital
2. The Fred Hollows Foundation
3. Noor Dubai
4. Transparent Hands
5. Feed The Poor
6. Islamic Relief USA
7. Wikimedia Foundation
8. People for the Ethical Treatment of Animals (PETA)
Pineapple is making modern finance available to people around the world via their mobile phone. Specially prepaid mobile users can benefit from digital wealth and participate with exchange traded assets easily and safely. Without the present barriers to entry for most of humanity; high networth, acumen using advanced technology or deep finance experience.
Pineapple levels the playing field for citizen users
In 2022 Pineapple founders built a mobile-airtime-finance infrastructure connected to 907 mobile network operators in 156 countries, that enables prepaid mobile users on any telecom plan or sim to load their airtime balance using Pineapple and automatically become part of the global Web3 economy.
To put the total market size in perspective, 4.5 billion people in the world spend $650 billion a year on prepaid minutes with no accruing benefits. Using Pineapple to recharge airtime, users earn PNPL, a rebate token that delivers the trifecta of financial value, social impact and governance rights, to users on their recharge.
As minutes are consumed, the card earns more!
To achieve that, we are building an airtime-earning wallet, integrated with Pineapple's asset portfolio. An earning window, which streams profits (only) to the user, as airtime balance.
$650 billion is spent each year by 4.5 billion users on pre-paid mobile minutes. Pineapple is a regenerative way for users to spend less and get more from their consumption.
More exciting news about this soon...