Save the Children Launches Bitcoin Fund to Enhance Crisis Response
- The Bitcoin Fund allows Save the Children to hold bitcoin donations for up to four years.
- This initiative was developed in collaboration with digital asset firm Fortris.
- Donors can control when their contributions are converted and used, enhancing flexibility.
- The fund aims to speed up resource allocation during crises by utilizing blockchain-based tools.
- Save the Children has accepted bitcoin donations since 2013 and raised millions through its Hodl Hope campaign.
The introduction of the Bitcoin Fund reflects a growing interest in decentralized finance as a means to improve transparency and reduce costs in humanitarian aid efforts. This innovative approach aims to address common delays in traditional foreign aid systems.
With this new fund, Save the Children can hold bitcoin donations longer, providing donors greater control over their contributions’ impact during emergencies.(Source)
