Sacrificing bitcoins: digital currency in charity
The cryptocurrency boom has affected everyone. The third sector was not left out either: charity and NGOs are the ones whose main task is not only to distribute funds among the needy, but also to attract them. As in other fields, the mention of keywords and the willingness to use new technologies guaranteed participants success and attention. Most of those who took the risk quickly got to the Olympus of cryptocurrency charity.
A year ago, no one could have predicted how the working conditions of all organizations would change in 2021. Coronavirus and quarantine measures have pushed companies to go online, and NGOs are no exception. Many processes had to be urgently translated online, but at the same time new digitization tools were introduced in order not to lose the effectiveness of the assistance provided and to maintain transparency.
Foreign NGOs switched to cryptocurrency fundraising five years ago. Veterans of charity - Greenpeace, The Water Promise, United Way - have set up digital wallets, and the Fidelity Charitable has raised $ 7 million in a two-year pandemic of bitcoins
.
There are many ways to help
In 2017, an unknown user, who became the owner of a large number of bitcoins during the industry, decided to spend 5,000 bitcoins on good deeds and founded the Pineapple Fund, which distributes cryptocurrency donations. The funds were distributed among 60 charities. Donations in dollar terms amount to more than $ 55 million.
Another example is that actor and Internet entrepreneur Ashton Kutcher donated $ 4 million to the XRP cryptocurrency to the Ellen Wildlife Fund.
Cryptocurrencies officially established at the highest level of NGOs
The pioneer of integration was the United Nations, whose many units began to use new technologies in their work. An example is the involvement of the gaming industry in charitable projects. The United Nations Children’s Fund (UNICEF) has released a mining application that can be installed on gaming computers with high computing power. In 60 days of the campaign, gamers managed to get 85 ETH.
The spiritual world was not left out either. In the United States, no more than a dozen churches of Christian denominations accept bitcoin donations. The London Mosque was highlighted in the news and is quite successful in raising funds. Catholics have debated the role of the blockchain in religion. The boys from the Swiss Evangelical Church were not left out either. For religious institutions, the future of cryptocurrency is yet to come.
In Ukraine, the culture of fundraising with the help of cryptocurrency is just emerging
In Ukraine, the first to accept cryptocurrency was the fund "Tabletochki". The fund’s donors anonymously transfer bitcoins to the organization’s wallet.
Recently, we can also accept charitable donations through a peer-to-peer payment system, when transferring bitcoins to the Ufond wallet: 1UFondJDKbYMgVhWsyijyvJoWEGWPggNp.
Also, donations of virtual currency are accepted by the Monsters Corporation Foundation.
"And what will I do with these bitcoins?"
Perhaps this is the most important question for those who are beginning to think about expanding financial instruments. The solution is an open market: there are numerous cryptocurrencies. At your request, the author of the payment will indicate its category - charitable contribution. Movement on cryptocurrency wallets will be open to all. Given the uncertain status of cryptocurrency, it is not necessary to report for it. You will not be of interest to the state and law enforcement agencies either.
The obvious solution is to partner with cryptocurrency companies, which will contribute to raising funds and help with the exchange infrastructure. Start accepting cryptocurrency is not more difficult than any other means: publish the address of the wallet -1UFondJDKbYMgVhWsyijyvJoWEGWPggNp on the site, and encourage your donors to donate.
Now, after the achievements of the pioneers, it will be harder to surprise the audience. You just have to meet her expectations. The ability to accept donations in cryptocurrency is an inevitable future. Today it is a way to attract the attention of a new audience. Tomorrow is an opportunity to keep the old one. There is also a philosophical side of the issue: virtual money, appearing out of nowhere, suddenly became a real asset. That’s right, but part of this fortune goes to good deeds.
Read also - Childhood has no disability: how the first inclusive space camp in Ukraine works .
A year ago, no one could have predicted how the working conditions of all organizations would change in 2021. Coronavirus and quarantine measures have pushed companies to go online, and NGOs are no exception. Many processes had to be urgently translated online, but at the same time new digitization tools were introduced in order not to lose the effectiveness of the assistance provided and to maintain transparency.
Foreign NGOs switched to cryptocurrency fundraising five years ago. Veterans of charity - Greenpeace, The Water Promise, United Way - have set up digital wallets, and the Fidelity Charitable has raised $ 7 million in a two-year pandemic of bitcoins
.
There are many ways to help
In 2017, an unknown user, who became the owner of a large number of bitcoins during the industry, decided to spend 5,000 bitcoins on good deeds and founded the Pineapple Fund, which distributes cryptocurrency donations. The funds were distributed among 60 charities. Donations in dollar terms amount to more than $ 55 million.
Another example is that actor and Internet entrepreneur Ashton Kutcher donated $ 4 million to the XRP cryptocurrency to the Ellen Wildlife Fund.
Cryptocurrencies officially established at the highest level of NGOs
The pioneer of integration was the United Nations, whose many units began to use new technologies in their work. An example is the involvement of the gaming industry in charitable projects. The United Nations Children’s Fund (UNICEF) has released a mining application that can be installed on gaming computers with high computing power. In 60 days of the campaign, gamers managed to get 85 ETH.
The spiritual world was not left out either. In the United States, no more than a dozen churches of Christian denominations accept bitcoin donations. The London Mosque was highlighted in the news and is quite successful in raising funds. Catholics have debated the role of the blockchain in religion. The boys from the Swiss Evangelical Church were not left out either. For religious institutions, the future of cryptocurrency is yet to come.
In Ukraine, the culture of fundraising with the help of cryptocurrency is just emerging
In Ukraine, the first to accept cryptocurrency was the fund "Tabletochki". The fund’s donors anonymously transfer bitcoins to the organization’s wallet.
Recently, we can also accept charitable donations through a peer-to-peer payment system, when transferring bitcoins to the Ufond wallet: 1UFondJDKbYMgVhWsyijyvJoWEGWPggNp.Also, donations of virtual currency are accepted by the Monsters Corporation Foundation.
"And what will I do with these bitcoins?"
Perhaps this is the most important question for those who are beginning to think about expanding financial instruments. The solution is an open market: there are numerous cryptocurrencies. At your request, the author of the payment will indicate its category - charitable contribution. Movement on cryptocurrency wallets will be open to all. Given the uncertain status of cryptocurrency, it is not necessary to report for it. You will not be of interest to the state and law enforcement agencies either.
The obvious solution is to partner with cryptocurrency companies, which will contribute to raising funds and help with the exchange infrastructure. Start accepting cryptocurrency is not more difficult than any other means: publish the address of the wallet -1UFondJDKbYMgVhWsyijyvJoWEGWPggNp on the site, and encourage your donors to donate.
Now, after the achievements of the pioneers, it will be harder to surprise the audience. You just have to meet her expectations. The ability to accept donations in cryptocurrency is an inevitable future. Today it is a way to attract the attention of a new audience. Tomorrow is an opportunity to keep the old one. There is also a philosophical side of the issue: virtual money, appearing out of nowhere, suddenly became a real asset. That’s right, but part of this fortune goes to good deeds.
Read also - Childhood has no disability: how the first inclusive space camp in Ukraine works .