Charity: water, a New York-based nonprofit with a mandate to bring clean and safe driving water to developing countries, has begun accepting Bitcoin (BTC) donations through a dedicated cryptocurrency fund — a move that could help the organization attract new donors towards its initiative.
The launch of the Bitcoin Water Trust allows charity: water to receive and hold Bitcoin donations to fund global water projects through 2025, the nonprofit announced Friday. The fund’s assets will be held entirely in Bitcoin, with the intended execution of water projects also to be settled in the flagship digital currency.
“We’ve been encouraged by the overwhelming support we have seen already for the Bitcoin Trust Initiative,” said Scott Harrison, founder and CEO at charity: water, adding:
“By establishing this trust, we aim to harness the transformational power of this generational digital technology to make a lasting social impact, and in the process to provide a potential model for other charities who are working to do