Bitcoin’s value has been rising steadily throughout 2017 with more people using the decentralized currency than ever before. One of bitcoin’s great use cases, which is on the rise, is how easy it is to donate to charitable funds. According to a recent Fidelity Charitable 2017 Giving Report donations to Fidelity Charitable made in bitcoin is growing significantly.
Just recently Bitcoin.com reported on the CEO of Fidelity Investments, Ms. Abigail Johnson telling the public how much the company liked bitcoin. The company detailed plans to integrate with Coinbase, and Ms. Johnson also revealed Fidelity’s in-house cafeteria accepts the cryptocurrency for food and drinks. Now the company has published it’s annual Fidelity Charitable 2017 Giving Report which details how charitable donations made in bitcoin is on the rise.
Fidelity’s 26-page report details that a lot of people are donating with non-publicly traded assets and a very popular contribution method is bitcoin. In the first six months of 2017 Fidelity Charitable received $9 million in BTC so far and that number has already surpassed 2016’s bitcoin donations by $2 million. The organization has turned over $3.1 billion in non-publicly traded assets like real estate, life insurance policies and even grain. The digital asset bitcoin has been used for Fidelity’s philanthropic funds and grants since 2015.
Please view the original post here.Charity is now one of the most important areas where Bitcoin can be effectively utilized. I think I have read a humanitarian organization which recently used Bitcoin to send funds to some number of war-affected families in Middle East and it was considered to be very successful. Now, I am not talking here of those popular MLM type of charitable programs where funds are mostly kept by participants and not delivered to the intended donors.
The use of Bitcoin for charitable purposes can become a beacon of light for this digital currency...we are helping people and at the same time we can see how Bitcoin can really be applied on the ground. This trend can help balance the idea that Bitcoin is also used by terrorists and other crime perpetrators.
It is time to be generous with the help of Bitcoin!
