Bitcoin (BTC) and the broader cryptocurrency market continue to captivate interest from both private individuals and large organizations. Recently, another prominent institution has embraced Bitcoin.
As reported by The Block, Save the Children, a global non-governmental organization, has introduced a new Bitcoin Fund designed to accept donations in BTC and retain these contributions for up to four years.
The primary objective of this fund is to enhance the value of donated Bitcoins by holding them over an extended period of time—up to four years.
To facilitate this initiative, Save the Children is collaborating with Fortris, a company specializing in digital asset management, ensuring that donated Bitcoins are securely stored and efficiently managed.
This fund will also act as an experimental platform aimed at expanding innovative methods for delivering cash and voucher aid through Bitcoin, stablecoins, and digital wallets. The goal is to provide assistance more rapidly, transparently, and cost-effectively directly to families in need.
Notably, Save the Children was among the pioneers in accepting Bitcoin donations back in 2013 as one of the first international NGOs to do so.
Janti Soeripto, President of Save the Children USA stated: “When traditional foreign aid falls short but children urgently require support, unconventional approaches become vital. By incorporating blockchain technology into our emergency response efforts and global programs, we can deliver faster and more effective help to children facing crises.”
Please note: This information does not constitute investment advice.