On Friday, the well known nonprofit charitywater.org announced the launch of a celebrity-funded Bitcoin Water Trust initiative. The trust will be allowed to hold bitcoin donations to fund water projects worldwide until 2025.
Charity Water Launches Bitcoin Water Trust
A number of announcements were revealed at the Bitcoin 2021 conference in Miami and one announcement was from the global safe drinking water nonprofit, charity water. The organization charity water is a nonprofit that helps provide clean and safe drinking water to citizens living in developing countries. On June 4, charity water revealed a celebrity-funded Bitcoin Water Trust initiative which aims to leverage bitcoin (BTC) to spark a “paradigm shift in the charitable sector adopting this digital asset.”
The charity said that it received its first bitcoin donation back in 2014 and since then the leading crypto asset has grown in value by more than 100x. According to the announcement, the Bitcoin Water Trust has opened the charity to