Save the Children Launches Bitcoin Fund: A Revolutionary Step in Humanitarian Innovation
Save the Children, a renowned global humanitarian organization, is making waves with the introduction of a groundbreaking Bitcoin Fund. This innovative initiative, developed in collaboration with Fortris, a digital asset leader, is set to revolutionize the way humanitarian aid is delivered and managed.
The Bitcoin Fund is a unique financial instrument designed to address the challenges faced during times of crisis. It allows Save the Children to securely hold Bitcoin donations for up to four years, maximizing the value of each contribution. This approach not only ensures the preservation of funds but also enables the organization to unlock resources faster when they are most needed.
One of the key advantages of this fund is its ability to facilitate the delivery of cash and voucher assistance more efficiently. By leveraging Bitcoin, stablecoins, and digital wallets, Save the Children can get funds directly into the hands of families in need, faster and more transparently. This streamlined process reduces costs and accelerates the impact of humanitarian aid.
Janti Soeripto, President and CEO of Save the Children US, emphasizes the importance of innovative solutions in the humanitarian sector. "Out-of-the-box thinking is crucial to ensure our continued support for children in times of crisis, especially when traditional funding sources fall short. This new initiative harnesses the speed, cost-effectiveness, and financial inclusion of blockchain technology, strengthening our emergency response and long-term development programs for children across the globe."
This initiative builds upon Save the Children's pioneering work with Bitcoin, dating back to 2013 when they became the first INGO to accept Bitcoin donations. Through Hodl Hope, a prominent cryptocurrency initiative, the organization has successfully raised millions in digital assets to support children affected by crises in regions such as Ukraine, Gaza, Sudan, and beyond.
Antonia Roupell, Innovation and Partnerships Lead at Save the Children US, highlights the organization's commitment to utilizing Bitcoin effectively. "While many non-profits accept Bitcoin, few have embraced the asset's peer-to-peer technology in their operations. Our donors value the flexibility to choose when to convert their donations, and this fund empowers them to maximize their impact."
Save the Children's partnership with Bitcoin app developers, such as Fedi, further strengthens their commitment to financial inclusion and digital literacy. By combining their extensive humanitarian experience with cutting-edge financial technology, the organization aims to transform digital value into tangible economic empowerment for vulnerable communities.
The organization invites the global Bitcoin community to join this transformative journey. They encourage contributions and partnerships with the Bitcoin Fund, offering a platform for like-minded individuals and organizations to make a meaningful impact. For more information, visit Save the Children's Bitcoin donation page or reach out to them at bitcoin@savechildren.org.
Donors interested in contributing using cryptocurrency can visit the dedicated donation page: https://www.savethechildren.net/donate/donate-cryptocurrency
