Charities Put A Purpose Behind Bitcoin
Help us celebrate the chance to impact global philanthropy buy donating Bitcoin and crypto-currencies. Don’t just Hodl bitcoin this year, donate it. Charities Put A Purpose Behind Bitcoin
You’re now able to choose BitGive as a nonprofit to support through Facebook for your birthday! Help us celebrate the chance to impact global philanthropy with blockchain technology.
Here’s How To Set It Up:
On the left hand column of your Facebook, click “Fundraisers”.
Choose “Select Nonprofit”.
Search for “BitGive”.
Fill out the details and hit “Create!”
This month we are committed to continuing to help the most vulnerable and at-risk communities worldwide. We have incredible NGO partners who are helping directly impacted families near and far during the global COVID-19 pandemic. You can donate to our COVID-19 Emergency Relief Fund, Save the Children Mexico, or The Wild Tomorrow Fund today. Learn about their efforts and make a difference by giving.
BitGive is Featured in CryptoSlate Article
Did you know that GiveTrack currently accepts over 60 forms of crypto and fiat (regular) currencies? CryptoSlate recently wrote an article highlighting our NGO partnerships and discussing all the ways you can give! We also chatted about our COVID-19 Relief campaigns. Read more on how NGOs are dipping their toes into crypto-philanthropy in CryptoSlate’s feature on BitGive!
We are so grateful to have worked with so many amazing nonprofit partners over the past 7 years! If you need a smile today, you’re definitely going to want to watch our newest NGO playlist on YouTube, which features videos from all of the amazing teams we’ve worked with. Give it a view!
You can also give through BitGive, one of the oldest crypto-specific non-profits in the field.
Founded in 2013, BitGive uses bitcoin’s blockchain and works with smart contract provider RSK. Its GiveTrack project follows donated money, showing who it benefits. The charity collects less than one percent in fees, according to its website.
“It’s a way to be transparent,” said BitGive founder Connie Gallipi in a phone interview. “It says this project was created on this day in this time, this NGO was added on this day in this time and we checked the bitcoin rate on this day at this time,” she said.
BitGive currently sponsors personally vetted NGOs across the globe, including three projects in Venezuela focusing on orphanages, hospitals, and abandoned animals.
Charities are leaning into the blockchain space this year with #BitcoinTuesday, a sideways take on the philanthropy movement following Thanksgiving, Black Friday and Cybermonday (Dec 3).
Drawing inspiration from one crypto’s more heartwarming stories, the Pineapple Fund – wherein a pseudonymous bitcoiner donated some $55 million towards 60 charities during the 2017 bull market – options for crypto-based donations abound.
“The fact that there were talking about an open-source distributed, user-created project that doesn’t have central ownership seems like a perfect product market matc†h,” said Woodrow Rosenbaum, GivingTuesday’s Data & Insights Lead in a phone.
Launched in 2012 by 92nd Street Y and the United Nations Foundation, GivingTuesday received early attention from Mashable, Facebook and Microsoft and raised some $400 million in the U.S. last year, according to the GivingTuesday foundation.
The Giving Block
The Giving Block, a for profit firm founded in 2018, is spearheading this year’s rendition of crypto Giving Tuesday with #BitcoinTuesday.
Rounding up support from Gemini and Brave Browser, among others, the technology company is orchestrating aid for nonprofits such as No Kid Hungry, the Tor Project and Pencils of Promise.
The D.C.-based group is leaning on crypto’s favorable tax status. As with stock donations, donors need pay no capital gains on what they give.
“In times of crisis, to reach those lofty ambitions, we need to be friendly not only to traditional financing mechanisms, but to the crypto community who’s been very innovative,” said Ettore Rossetti, global digital lead of Save the Children in a phone interview.
Founded in 1919, Save the Children has accepted crypto donations since 2013. “We feel like children will win if we can unlock new forms of funding,” he said.
CryptoGivingTuesday, a community coalition spun out of the GivingTuesday organization, is another destination for donations.
Through its service, donations can be made in multiple cryptos to NGOs and non-profits including bitcoin (BTC), ether (ETH), litecoin (LTC), dash (DASH), the lightning network, binance coin (BNB), bitcoin cash (BCH) and XRP.
GivingTuesday takes a decentralized approach to its campaigns. Communities often adopt GivingTuesday’s branding to promote a campaign in their niche, Rosenbaum said.
“Some of these big payment processor platforms like Facebook and PayPal use GivingTuesday as a great way for them to engage [with their audience],” he said. “So we’ll give people best practices. We want to hear how their campaigns went, learn about their results and bring them into that network.”
Twitter’s Jack Dorsey Urges Bitcoin Donations To Fight Police Brutality In Nigeria
The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria.
The CEO of Twitter and Square, Jack Dorsey, has urged his followers to donate Bitcoin to the #endSARS cause, which aims to end police brutality in Nigeria.
The crypto donation site he linked to is run by a group of Nigerian feminists fighting against the police’s Special Anti-Robbery Squad (SARS) through protests, fundraising, and social media.
A series of demonstrations began in Nigeria on October 4 with thousands taking to the streets to protest against police brutality in Nigeria and call for the disbanding of SARS, with the #endSARS hashtag trending.
Various crypto startups like BuyCoins and Busha have also donated to the cause.
Ray Youssef, CEO of Peer-to-peer Bitcoin marketplace Paxful, which is popular across Africa, also embraced the #endSARS hashtag, accusing police of unfairly targeting young people for using cryptocurrency. He said the situation was a “real crisis of human rights happening now!”
Jack Dorsey has been a longstanding Bitcoin supporter. In the past, he has said Bitcoin is “probably the best” native currency of the internet due it being “consensus-driven” and “built by everyone.”
Dorsey’s payments company Square Inc, has set up a new open source non-profit organization to hold crypto patents. In the past week Square joined MicroStrategy as a major publicly listed company with Bitcoin on its books, after purchasing $50 million worth of BTC. The news made headlines including in mainstream newspapers around the world like The Scotsman, which said the move had “caused ripples throughout the whole of corporate America.”
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