Bitcoin Charitable Donations: The Tables Are Starting To Turn
A charity called Targetedhelp.org is now accepting Bitcoin. The nonprofit forged by John Strong is working with BitPay to help the rural poor in the isolated mountains of the Sierra de Zongolica and the urban poor of nearby Orizaba. The charity’s goal is to use bitcoin donations to revolutionize charitable giving with their efforts and the world abroad.....
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The Document Foundation, the company that develops a free and openly-distributed productivity suite, LibreOffice, is now accepting bitcoin donations to help fund its operations. It seems that the free and openly-distributed currency has garnered The Document Foundation increased visibility, as well as financial resources. Italo Vignoli, one of the company's founders, reported a surge in bitcoin donations once it was announced that the non-profit organisation would accept the virtual currency. He said that the site's total donations "registered a spike immediately after the announcement,....
Charitable crypto campaigns aim to give back this holiday season, demonstrating how effective cryptocurrency and NFT donations can be for donations. The holidays are the perfect time of the year for giving back, and the rise of cryptocurrencies has created even more opportunities for charitable initiatives. This was highlighted during Giving Tuesday 2021, the Tuesday after Thanksgiving which saw over $2.4 million raised in cryptocurrency from the nonprofit fundraising platform The Giving Block.As crypto philanthropy becomes a new subsector of the cryptocurrency economy, some in the....
Australian Point-of-Sale provider BitPOS and the International Anti Poaching Foundation (IAPF) have teamed up to offer bitcoin donations in the struggle to combat poaching in Africa's wilderness. Bitcoin is particularly beneficial for charitable organizations, particularly those doing work in remote locations where the infrastructure for the receipt of funds is lacking. Bitcoin donations have several advantages over traditional methods: the speed of transfer, a truly international reach, and the frictionless nature of donations means the IAPF is able to capture donations easily from all....
Fidelity Charitable, the public charity arm of mutual fund giant Fidelity Investments, raised $7m in bitcoin donations last year. The organization launched the donation option in November 2015, enabling contributions from customers by way of their donor-advised funds. Fidelity Charitable has utilized Coinbase as a payment processor to handle bitcoin-to-dollar conversions. New statements from Fidelity Charitable indicate that those efforts have paid off. The organization said today: “To support strategic giving and as part of a broader expansion in November 2015, Fidelity Charitable began....
Completely independent organization Greenpeace announced today that it now accepts donations in bitcoin, becoming the latest charitable institution to adopt the digital currency into its operations. Greenpeace devotes its efforts to ensuring a "healthy planet for current and future generations." The organization states that it does not take money from corporations or government, and hence relies on individual donations, a fact that will surely be warmly accepted by the bitcoin community, which has largely libertarian roots. Their blog reads: "A majority of our support comes from individual....