HRF Accepts Bitcoin; Crypto Adoption Expected to Rise

News / 11.03.2020

On the 9th of March 2020, the Human Rights Foundation (HRF) announced it would begin accepting charitable donations in BTC via Twitter. HRF also revealed that it would use the BTCPayServer platform, a completely open-source program, making it impossible to censor transactions.

BTCPayserver is a code. In this case, it ensures the transaction’s privacy, and it preserves the qualities of bitcoin that distinguishes it from fiat currencies.

UNICEF and Save the Children Charitable Organizations, Accepts Crypto

In October 2019, UNICEF launched a crypto fund for BTC and ETH donations. UNICEF is benefiting massively from the lack of remittance fees that result from transferring funds globally. Additionally, donors are presumably able to see how their contributors get disbursed to different initiatives.

The global humanitarian organization, Save the Children also announced it would start to accept multiple cryptocurrencies in an automated way through its website, including LTC and ETH. This organization was the first major NGO to embrace crypto and started accepting Bitcoin donations in 2013 after Typhoon Haiyan devastated the Philippines.

Crypto Adoption in the Charity Industry Keeps Growing

The crypto adoption in the charity industry is inclining. It makes the traditional non-profit organizations more flexible in attracting donations from new sources. 

For example, in 2017, Fidelity reportedly got $69M in crypto donations and $7million in 2016. Fidelity claims that digital currency donations eliminate capital gain taxes and deliver the full market value to the intended charity.

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Wayne is a Blockchain enthusiast and expert in crypto trading. Currently, he covers trendy issues on digital currencies.