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, Antiwar.com, 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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