Save the Children, a widely known humanitarian NGO for child welfare, education, and emergency relief, has announced the launch of a Bitcoin Fund dedicated to the welfare and development of children. This fund allows Bitcoin ($BTC) donations to be preserved and allocated specifically to provide humanitarian support, especially during crises or urgent needs affecting children.
It is a first-of-its-kind Bitcoin Fund that is purposefully designed to transform how financial resources are held, managed, and delivered in times of crisis. Basically, it is a beneficial opportunity for children, as they will get support from the organization, like Save the Children, in the form of Bitcoin funding. CoinMarketCap, the world’s most trusted platform for Crypto data, has released this news through its official X account.
Save the Children Uses Bitcoin HODL Strategy to Maximize Crisis Relief Impact
On the other hand, this saves the children’s funding system, helping children to hold Bitcoin donations to support open funds faster during a crisis. Moreover, this funding system allows children to hold the Bitcoin fund (hodl) for up to four years, accelerating the value of every single participation.
Furthermore, it also facilitates children with a platform that is suitable for testing and scaling new opportunities of delivering cash and voucher aid leveraging tools using Bitcoin, stablecoins, and digital wallets. Save the Children’s funding system ensures the secure handover of funds to families faster, more securely, and transparently at a lower cost.
Save the Children Executives Highlight the Power of Bitcoin in Humanitarian Aid
Janti Soeripto, CEO and US President of Save the Children, expressed his views. He said, “Out-of-the-box solutions are essential to ensure we continue to be there for children when they need us most—especially when traditional foreign aid funding falters.
“This innovation integrates the speed, cost-efficiency, and financial inclusion of blockchain-based tools to strengthen Save the Children’s emergency response and long-term development programs for kids in the U.S and around the world.”
With this most active cryptocurrency startup, the global humanitarian organization has increased millions in digital assets to help children in crisis from Ukraine to Gaza, Sudan, and beyond. Moreover, the supportive statement from Antonia Roupell, Innovation and Partnerships Lead, Save the Children US, adds to the importance of this system.
He said, “Many non-profits accept Bitcoin today, but few hold these donations or leverage the asset’s underlying peer-to-peer technology in their operations. Our Bitcoin donors asked for the flexibility to choose when to convert to maximize the impact of their generosity, and this fund delivers exactly that.”
Source: https://blockchainreporter.net/save-the-children-launches-a-bitcoin-powered-funding-model-for-crisis-relief/
