Bitcoin is still a long way from reaching the masses, but industry leaders have demonstrated why a surge in adoption is likely in the cards for bitcoin’s future. And with Earth Day around the corner, we wanted to shine a light on bitcoin’s benefits as an efficient donation vehicle for nonprofits. We’ve also included a selection of eco-conscious nonprofits that accept bitcoin donations!
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. On Monday we released our updated and improved receive payments API, which developers can start building on right now. In other exciting headlines, we wrapped up the HackPrinceton event, which was a blast! This week a spotlight was shone on bitcoin and philanthropy; a subject we hold close to our hearts. In a shift of focus, we can see from a high level that bitcoin is still a hot topic for many around the world, and continues to capture the imagination of many.
Recently we had the great pleasure of speaking with Connie Gallippi, the founder of the first bitcoin nonprofit, BitGive. We reached out to Connie to get a first-hand account of how bitcoin is impacting charitable work across organizations.
The conversation below sheds light on some of the questions we had. Philanthropy is a topic close to our hearts, as is bitcoin, and the marriage between the two that Connie, BitGive, and many others around the world are building is inspiring.
Bitcoin has many advantages over older payment methods.
In this post, we will explore another scenario requires an exceptionally quick and affordable means to transfer value. Nonprofits and charitable organizations typically operate on a tight budget and rely primarily on the donations of others to continue their charitable work. Traditional financial means of donating can take several days or even weeks depending upon the payment method, and whether the payment is local or international.
When natural disasters strike aid agencies need to deploy capital quickly and delays have tragic consequences. This is a real problem Bitcoin can help solve now.