June 19, 2024

Using Bitcoin for Global Charity>

Using Bitcoin for Global Charity>
Global Charity with BitGive

In a competitive environment, charitiesAccording to data from the National Center for Philanthropic Statistics (NCCS), there are more than 1.5 million nonprofit organizations registered in the United States.In order to exist successfully, they need to struggle to be "heard" by society. 

When people think of cryptocurrency, they usually don't think of charity – donations aren't often considered.But new technologies have created many opportunities to do good.

Charity with BitGive

BitGive is the  use of Bitcoin cryptocurrency and blockchain technologies for a revolutionary global philanthropy.

Founded in 2013, BitGive is the firsta non-profit organization Bitcoin, which gives it federal tax exemption status in the United States. The organization’s headquarters are located in Auckland, California.

BitGive has created a positive charityorganization for the Bitcoin industry and blockchain, bridging the gap between innovative technology and its practical application for non-profit and humanitarian work in developing countries.

History of Charitable Aid 

For 5 years of work, BitGive has helped many structures in need, such as: health, education, environment, human rights, poverty alleviation and economic development. 

Early BitGive Projects

  • Save the children: Typhoon Haiyan Philippines, Stop Ebola Campaign Children's Charitable Foundation.
  • Medic Mobile: The Nepalese team is now armed with more than 640 cell phones to strengthen health systems after the earthquake.
  • Fundación Parlas IAP: Support for the Abandoned Mentally Handicapped in Mexico.
  • TECHO: building houses in Brazilian communities.
  • Team Rubicon: assisting victims of a tornado in the southeastern United States.

BitGive Partners and Sponsors

BitGive has established strong partnerships and raised funds for such well-known non-profit organizations as: "Save the Children", "The Water Project," "Medic Mobile" and many others.

In 2015, BitGive announced its idea for Bitcoin Charity 2.0, which includesa number of projects aimed at using  Bitcoin and blockchain technologies for the benefit of charities around the world.

The sponsors of BitGive are: KncMiner, Bitcoin Development Fund, BitPay, Zlatin Balevsky, Jeff Garzik, Roger Ver, Eugene Jong, Allison Coleman Payne, Harris Guy Barrett II, Matthew Roszak of Tally Capital, Xapo, LibraTax, Brook and William Mullers.

Revolutionary organizing platform, GiveTrack

“Our flagship project – GiveTrack,a revolutionary donation platform for non-profit organizations that provides transparency and accountability to donors by sharing financial information and immediate project results in real time.”– BitGive team.

The platform was launched in December 2018.GiveTrack is the latest version of its Bitcoin donation platform, designed to increase transparency in the donation process by allowing donors to keep track of funds contributed that are of particular importance and value. 

BitGive Executive Director Connie Gallippi said:

“This technology makes it possible not onlyraise funds globally without borders, and move funds around the world much faster and cheaper than traditional methods, while providing a transparent path of funds to the public, thereby increasing accountability. With all these benefits, nonprofits can do much more, faster, and with more transparency for their donors and the public."