Save the Children and Fortris launch a Bitcoin fund to explore using crypto tools to improve rescue efficiency.
TL;DR
Save the Children partners with Fortris to launch a Bitcoin fund, enabling secure Bitcoin donations and testing crypto tools for faster, cheaper aid distribution. The initiative also explores community-based Bitcoin applications to enhance financial inclusion for disadvantaged families.
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Foresight News , children's rights organization Save the Children has partnered with Fortris to launch a Bitcoin fund. This fund will allow Save the Children to securely hold Bitcoin donations for up to four years, maximizing the value of each donation. It also provides a platform to test and promote new ways of distributing cash and vouchers using tools such as Bitcoin, stablecoins, and digital wallets, enabling funds to reach families in need faster, more transparently, and at a lower cost. Save the Children will also partner with Bitcoin application developers such as Fedi to continue exploring community-based Bitcoin tools to promote financial inclusion and digital literacy among financially disadvantaged families.
Previously, Save the Children became the first international non-governmental organization to accept Bitcoin donations in 2013.