Category Archives: AidCoin

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Humanitarian Support Grows With More Charities Accepting Crypto Other Than Bitcoin

charities, cryptocurrency

It’s generally a little-known fact to those outside of the virtual currency arena that Bitcoin is not all about making large profits, but that the hallmark cryptocurrency, along with many others, is frequently used to forward humanitarian ideals through a wide range of charities around the globe.

BitcoinNews has followed many of these charities over the past year. Whether it be the WFP, distributing cryptocurrency-based food vouchers to more than 100,000 Syrian refugees living in Jordan, or the donation of funds through UNICEF in Bangladesh for the Rohingya crisis to provide humanitarian relief for both children and mothers, wherever you look around the world, cryptocurrency is increasingly being sought out by charitable agencies and NGOs as a way of getting funds to where they should go.

The speed of delivery of Bitcoin and Ethereum has offered a real plus when it comes to donations, and particularly the transparency of the blockchain which has managed to cut through many a donor’s predispositions not give to charity due to past criminal activity or out and out fraud.

One particular charity, little publicized, is the Water Project which now accepts a variety of cryptocurrencies apart from Bitcoin to support its projects and now accepts Bitcoin Cash, Ethereum, or Litecoin. The project’s simple aim is to ensure the inhabitants of sub-Saharan Africa have access to clean, disease-free water.

Recently, there’s been a significant increase in charity events related to crypto. Some of these have joined a growing establishment of charities accepting Bitcoin donations such as Electronic Frontier Foundation, Multidisciplinary Association for Psychedelic Studies, WikiLeaks,, Code to Inspire, Bitgive and Epic Change.

Another very worthwhile project is the health project Watsi which uses cryptocurrency and blockchain tech for community healthcare crowdfunding. This unique project allows donors to choose recipients and meet them online and discuss their needs.

Even cryptocurrency exchanges and ICOs are involved; beyond Coinbase’s much-publicized Xmas giveaway and its “Give Crypto” project last year, blockchain-based UTRUST payment platform and AidCoin also combined forces last year to enable charitable donations across the world in 23 different cryptocurrencies.

Charitable donations through a range of different cryptocurrencies have never been so prevalent with even the big names realizing that the future of donations is rapidly going digital. With the Red Cross and UNICEF now firmly on board, its no longer just Bitcoin showing the way.


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UTRUST Just Made Charitable Donations a Whole Lot Easier as Crypto Flows to Charity

Blockchain-based payment platform, UTRUST and AidCoin will combine forces to enable charitable donations across the world in 23 different cryptocurrencies.

The project is being launched to simplify donations in multiple countries via the UTRUST interface. The new system is set to replace methods whereby a donor transferred and then converted funds into AidCoin tokens or through a donate button allowing donors to transfer UTK from their UTRUST wallet to the AIDChain wallets of various charities.

The new donation system called AIDPay is a widget which allows the donor to use any one of 23 supported cryptocurrencies to pay charities registered with AIDChain online using a fully trackable system including how the money is dispersed and what on.

There’s been a significant rise in the number of charities supported by cryptocurrency donations in the recent years. Some of these include Electronic Frontier Foundation, Multidisciplinary Association for Psychedelic Studies, WikiLeaks,, Watsi, Water Project, Code to Inspire, BitGive and Epic Change.

In such a scenario, not even a single day passes without the release of another crypto-aid project or a way to make donations and fund utilization more transparent so that NGOs and private charities are more accountable.

Brian Armstrong, the CEO of digital currency service Coinbase, recently announce the launch of a project to help the homeless and other people out of poverty with a personal USD 1 million donation.  GiveCrypto is a global enterprise which will make cryptocurrency donations to worthy recipients, who will then be able to make personal choices in whether to keep their cryptocurrency donations or exchange them for fiat.

Madonna with her Raising Malawi project has built 14 schools in rural Malawi and in partnership with buildOn have educated community members about the importance of girls’ education in that country. Ripple too, was quick to support her project with a dollar for dollar match of donated funds.

Even English Heritage, a UK charity that provides the country with access to over 400 historical sites, buildings, monuments and places, has found a way of making the technology behind Bitcoin play its part in supporting that country’s historical heritage by partnering with charity platform Giftcoin.

UTRUST’s move is another link in the chain allowing cryptocurrency funds to continue flowing towards needy causes — a forgotten fact by dissenters who happily feed the FUD in these volatile times.

Francesco Nazari Fusetti, CEO and Founder of AidCoin commented:

“We’re excited to introduce an opportunity for crypto-holders to donate cryptocurrency straight from their Utrust wallets seamlessly, or when making a payment…This is, of course, a well-established practice in conventional banking and payments solutions, and yet until now, has been an unprecedented case in the crypto world.”


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AidCoin’s Robert Robinson: Trust the Blockchain and Boost Trust in Charities

The charity sector has been experiencing a steady decline of public trust in the United Kingdom. Figures from the UK’s Charity Commission show a downward trend since 2014, with a fall in confidence corresponding with increased media scrutiny on charities, a lack of trust with how donations are spent and the lack of knowledge about where those donations go.

One charity in the UK decided to partner with a blockchain solution to remedy the situation and there are more similar collaborations seeking to leverage blockchain innovations such as transparency and efficiency to revive flagging trust in the charity sector.

At a UK blockchain event, Bitcoin News got to chat with Robert Robinson, the UK managing director of CharityStars and AidCoin, who is of the firm belief that blockchain will fuel a charity sector confidence boost.

Bitcoin News (BN): While there are significant challenges regarding trust in charitable enterprises, there appears to be far more regarding blockchain and cryptocurrencies. Is it remotely possible for the mainstream to begin using the technology in a way that will outpace traditional donation methods?

Robert Robinson (RR): I think it’s a matter of time really and a matter of educating individuals for people to better understand what blockchain is, understand what the technology is, and what other technology surrounding blockchain can be used with blockchain as well. I think people now are confusing blockchain and the technology using blockchain tech, and because of that they don’t fully understand its capabilities, how it can be used and implemented.

BN: Cryptocurrencies are prevalent with millennials and so is donating to charity, despite trust levels declining. Are these factors conducive to the success of blockchain-related charities in the future and will this be a generationally exclusive phenomenon?

RR: I don’t think it’s necessarily a generation exclusive phenomena, I think that there’s been a huge adoption and interest in cryptocurrencies with millennials due to press being used; social media not being as prevalent as it was before because of the limitation on that. But I do tend to believe there will be more millennials utilizing it and it should be explored for the right reasons. As I mentioned before, not necessarily down to making a quick buck, but believing in what the technologies capabilities can do and how they can be delivered as well what the outcomes can be.

BN: Do you think market volatility will affect how and when donations will be made? For instance, in a cryptocurrency market downturn like we are experiencing now, presumably donors would be less likely to make a donation. What are your thoughts?

RR: No, I think market volatility is something that is not as apparent as it was previously. We don’t see these spikes in the prices of some of these tokens and cryptocurrencies and tokens going up as much. I think that is because people understand that this is not necessarily the funds to be made for themselves [and]  is not as much as they had initially anticipated.

I don’t think that volatility is going is going to affect when people donate to charity. However, I do think that it’s a factor that unfortunately will affect what charities can do with those funds and how much they can do with those funds, but it’s something that won’t last for a long time. It will slowly but surely become less volatile and more easily usable.

BN: Blockchain technologies are easily exploitable and are still being exploited. What prevents a blockchain-based charity or philanthropic endeavor from being exploited in the same way?

RR: The reasoning behind the using of the technology is the traceability and the transparency within it. It would be foolish to use technology that has transparency within it to conceal certain ways that you operate or conduct oneself or one’s company.

I think within any industry, whether that be now or before blockchain technology, has emerged into the general public’s mind like it is now, there has always been individuals in companies conducting themselves in certain ways and you will find that in any industry. But it’s a matter of time before, hopefully, those individuals and organizations leave this industry.

BN: Will the successes of charitable blockchain efforts improve trust in blockchain or cryptocurrencies and vice versa?

RR: Yeah, I think once again it’s about trust and I think trust within all sectors, trust relationships, businesses, and trust within the non-profit sector is fundamental because people are donating money, hard-earned funds and they want to know where those funds are being used. If they can see that, if they can literally tangibly see where those funds are going, what the hard outcome is, who they’re affecting and what the benefit is, that makes people believe more in what they (charities) are doing.

BN: When did CharityStars (as the parent company) recognize the potential in blockchain and for how long has AidCoin been in the pipeline?

RR: CharityStars has been in the business for about four years now and we speak to a huge amount of our donors. We speak to a lot of charities every single day, so we hear both ends of the spectrum and even for ourselves as a company, we raise a lot of money for charity and we love what we do but at the same time, we don’t necessarily see what happens with those funds.

There’s a lot of people who work within charity who are volunteers, on the ground, making those projects happen and are really the frontline. Those people are commendable, but we don’t get that feel-good feeling because we don’t know where those funds are going and don’t have that opportunity to involve yourself. Over a year ago, seeing the insurgence of blockchain technology and realizing actually, there’s an issue here with trust and transparency, and blockchain technology can be the fix.

BN: Were there any particularly significant disagreements when AidCoin was proposed to CharityStars?

RR: I don’t necessarily know about much within the company. We’re very much together on what we do but I would say generally from an overall standpoint people don’t believe in something if they don’t fully understand it and it’s only when they fully understand it that they open up.

BN: Do you yourself or CharityStars delve into educating the masses, other charities or sectors?

RR: It’s all very early days so we have started and initially we have started to go out and hold forums and functions with our charities to educate further but it’s events such as this (Bristol and Bath Blockchain Conference), that need to be done more so in order to educate the public, charities on how technology and blockchain technology can be used for the benefit of themselves.

If you enjoyed this conversation and find blockchain-related philanthropy as fascinating as we do, check out this interview here with the anonymous Bitcoin millionaire who donated USD 80 million worth of Bitcoin to multiple charities in a project called the Pineapple Fund.


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