The first Bitcoin nonprofit BitGive, established in 2013 to support humanitarian efforts by using BTC, announced on Monday its new fundraising effort for people affected by the global pandemic.
Dubbed “BitGive COVID-19 Emergency Relief Fund”, the blockchain-based platform is targeting an immediate goal of $20,000 in monetary relief for workers who have lost their jobs as well as for purchasing personal protective equipment for medical professionals and providing global funding for emergency aid.
Blockchain will allow BitGive to move funds securely and quickly around the world while offering maximum transparency and efficiency as it connects donors with impactful causes.
Donors will be able to choose between contributing in fiat or cryptocurrencies, and they can see how their donations are spent on BitGive’s donation tracking platform GiveTrack. The public platform, which promises full transparency, also includes details on fund implementation and impact.
Says Connie Gallippi, founder of BitGive,
“Covid-19 has affected our global community, and it will take all of us coming together and supporting each other to get through this. We are grateful to our partner nonprofits for helping us provide a fully transparent avenue for collective impact, directly assisting those in need on the front lines.”
BitGive says it will distribute the donations evenly among three partner organizations: Direct Relief, One Fair Wage Emergency Fund and GiveDirectly. Direct Relief works with public health authorities, nonprofit organizations and businesses throughout the US, Caribbean and South America to provide essential medical items to healthcare professionals responding to coronavirus.
One Fair Wage Emergency Fund assists restaurant workers, car service drivers, delivery workers, personal service workers and others who have lost their jobs in the US due to the pandemic, and GiveDirectly is providing financial aid for hard hit Americans and Africans.
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