Bitcoin’s caring side: Charity praises virtual currency after anonymous donation worth 23,000
Mystery donation shows humanitarian side of cryptocurrency.
Despite having to combat unsavoury links with nefarious drug dealing websites and allegations of terrorist financing, the anonymous cryptocurrency Bitcoin has finally found a redeeming cause – helping to fund humanitarian aid projects.
One tech savvy charity based in Africa – The Water Project – has revealed how an anonymous donor transferred 38 Bitcoins, equivalent to $23,000, to support one of its causes. The money, the charity said, was the largest it has ever received and will now be used to help fund sanitation projects for the next few years.
In a statement posted to Reddit on 13 September, The Water Project expressed its gratitude: “We don’t know who you are, but we’re grateful.
This post was published at International Business Times on September 16, 2016.