Bitcoin can be a new tool for charity. A few days after explaining that an unidentified user using the PineAapple Fund nickname will donate a bitcoin equivalent to 86 million dollars for charity work, this Bitcoin transfer was revealed to encourage people to donate.
Paxful, who works as a Bitcoin Purchase-Service Platform, launched the #built withbitin project with the non-profit hike foundation to lead crypto currency owners to donate charities to charity. Initially, Paxful donated $ 50,000 for the construction of a school in Rwanda. The repair of several other schools in Africa and the construction were planned together.
In Inverse, in his interview: “The world is changing and evolving, hike raise should adapt to these changes and evolve with the world.” Yusuf Nessary, the founder of Hız Hız Hız and his current president. “Our first goal is to raise the living standards of people in need and if it is more effective and appropriate in achieving our digital money goals, then we must adapt to it.”
After the major rise of Bitcoin’s value in the last few months, news that it would approach $ 20,000. Investors are afraid that a possible major decrease in Bitcoin will lead to a disaster. An website that an website made to investors about when Bitcoin balloon would explode was also effective in the growth of this fear. But the increase in prices increased the interest in Blockchain technology. Because this technology is thought to bring a new dimension to commercial transactions.
This school, which was built in the town of Kasebigege in the Bugesera region of Rwanda, will provide training to 7500 students between the ages of 3-6 years. The school has 3 classes and 4 toilets. The school also has a portable irrigation system. This irrigation project includes gardens and wells near the school.
Although these activities with Bitcoin seem to be for advertising purposes, those who organize these activities believe that crypto currencies will make a great contribution to charity.
Nessary says in a statement: ”The high exchange rates, banks’ trading fees and inflation is high in this developing world, in which internationally charitable philanthropists reduce the purchasing power of philanthropists, Bitcoin and digital currencies have a high potential to make charity work more effective.”
In addition, crypto currencies allow Hike to provide the sea over -operating and support small -scale pilot applications.
Nessary says: “The purpose of our acceptance of digital currencies is that digital money reduces the obstacles between benevolent organizations and donors.”