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Author Topic: Habitat for Humanity International accepting BTC for donations  (Read 199 times)
Catenaccio
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June 19, 2024, 02:37:06 PM
 #21

We can see a lot of organization adopting the BTC options since they see that its more easier for them to accept international funds if they add this options unto their site.

If people will just browse on the internet they could also see a lot of organizations out there and its up for the donators to choose what cause they are supporting.
Accept donation through Bitcoin and cryptocurrency is convenient for these organizations and donators but there is disadvantage too.

These organizations must have tools to detect tainted coins from sanctioned addresses and entities. Anti money laundering and sanctions are applied for all and charity organizations are not exceptions. I don't know Human International organization is ready for this AML tool. If they don't have a tool do detect and refund coins from sanctioned addresses, they might have problems with governments.

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June 19, 2024, 11:13:43 PM
 #22

I have seen habitat for humanity near my city. As far as I know, it is a non-profit organization that helps build or repair houses to be decent. As far as I know, they also help families affected by natural disasters such as tsunamis, earthquakes, volcanic eruptions, etc. It is progress and a good thing if crypto is starting to be accepted by large non-profit organizations. This marks an important step in the mainstream adoption of crypto currency. This positive sentiment brings a wave of optimism among crypto industry players. I hope there are many other organizations that start to accept crypto, this will be a new era in the financial system and can change the way people think about crypto for the better.

Yes, it's a non profit organization and mostly they have some offices or volunteers globally, specially in 3rd world countries as this is their target to help build homes for those who are very unfortunate in life and didn't have any roof on top of them 24x7.

We can see a lot of organization adopting the BTC options since they see that its more easier for them to accept international funds if they add this options unto their site.

If people will just browse on the internet they could also see a lot of organizations out there and its up for the donators to choose what cause they are supporting.
Accept donation through Bitcoin and cryptocurrency is convenient for these organizations and donators but there is disadvantage too.

These organizations must have tools to detect tainted coins from sanctioned addresses and entities. Anti money laundering and sanctions are applied for all and charity organizations are not exceptions. I don't know Human International organization is ready for this AML tool. If they don't have a tool do detect and refund coins from sanctioned addresses, they might have problems with governments.

They could have been using 3rd party to hold the Bitcoin for them or accepting it. So they could not be in direct contact with this Bitcoin after all. Anyways, we shouldn't complicate things, I mean do you think those who committed crimes are doing to donate for a good cause? Maybe, but I don't think that this tainted coins might go and flow to these non-profit organizations.

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June 20, 2024, 11:26:08 AM
 #23

Some people always ask where Bitcoin will be in the future, and I remember saying that in the future, there is going to be more adoption by almost every body, organization, business, etc. We are already stepping into the future, where a lot of people are planning to adopt Bitcoin. There are already many businesses that are introducing Bitcoin payments into their businesses. 

Around 2022, I remember there was a church that also accepted donations in bitcoin, which they used to develop their church. So, this kind of news is not new to me.

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June 28, 2024, 01:42:10 AM
 #24

Some people always ask where Bitcoin will be in the future, and I remember saying that in the future, there is going to be more adoption by almost every body, organization, business, etc. We are already stepping into the future, where a lot of people are planning to adopt Bitcoin. There are already many businesses that are introducing Bitcoin payments into their businesses. 

Around 2022, I remember there was a church that also accepted donations in bitcoin, which they used to develop their church. So, this kind of news is not new to me.
People who are in Bitcoin they know future of Bitcoin is bright and it is also exciting to see growing adoption rate across various sectors. As you have mentioned numerous businesses are already integrating Bitcoin payments into their operations and it is not surprising to see institutions like churches also jumping on board. Increasing mainstream acceptance of Bitcoin is testament to its potential and versatility. As more people and organizations recognize benefits of cryptocurrency we can expect to see even wider adoption in years to come. Future of Bitcoin is indeed promising and it will be interesting to see how it continues to shape financial landscape.

R


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