When most individuals take into consideration bitcoin, they see it as an funding. Nevertheless, some people have determined to contribute to charity utilizing the cryptocurrency. In 2017, the Pineapple Fund was created with the purpose of gathering bitcoin and donating it to quite a lot of charitable organizations. Total, $55 million was raised and distributed by the point the fund closed.
Not solely can cryptcurrency be used for charitable giving, however blockchain expertise additionally creates the right platform to trace donations. Due to the blockchain’s transparency and immutability, organizations centered on social good can make use of the expertise of their every single day dealings.
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