Non-commercial use of cryptocurrency
The attention to the cryptocurrencies and blockchain tends to grow up all over the world. In spite of the fact that many people don’t use this digital kind of money so far, there is a wide list of opportunities to apply cryptocurrencies in a modern world. People can use it for payment in many international and local organizations in order to get some products. Cryptocurrencies can be used as a salary for workers in some places. People can apply it to pay for education, and so on.
For many people, cryptocurrencies and blockchain are associated with a financial side of life only. But using these technologies is also perspective for non-commercial projects. Thanks to the advantages of cryptocurrencies and blockchain, it can also be used in such field. Let’s consider some examples.
What’s the use of cryptocurrencies and blockchain in a non-commercial field?
It is known that non-commercial organizations (or nonprofits) don’t define getting profit as a main goal. Also, such organizations don’t distribute profit between members. Non-commercial organizations are created for reaching social, cultural, educational, political, scientific, charitable and other goals.
Nonprofits represent one of promising fields for using cryptocurrencies and blockchain. Many organizations from this field have already started to use it for different goals. Here are some examples.
Internet Archive. This project strives to archive and store a great number of movies, music, books, software, websites and other objects which can be found on the Internet. The Internet Archive accepts donations in cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Zcash.
Humanity Road. This project provides resources and communication strategies in case of a disaster. Humanity Road accepts donations in Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
The Electronic Frontier Foundation. This project defends free speech, digital privacy and innovation. The Electronic Frontier Foundation accepts donations in Bitcoin and Bitcoin Cash.
There are many other non-commercial organizations that use cryptocurrencies and blockchain. Shown examples just illustrate spreading these technologies in such field. Here are some reasons for such spreading:
- Transactions become faster, securer and more comfortable.
- The way of using donations becomes more clear, so people trust such organizations more.
- Cryptocurrency donations will be treated as not taxable income for your organization.
The perspectives of using EDC Blockchain services in nonprofits
EDC Blockchain (https://blockchain.mn/home/) is a global platform that exists since 2015. There are different ready-made blockchain solutions for business here. Some functions of this platform can be used by non-commercial organizations.
In order to gather donations, organizations need a digital wallet. EDC Blockchain offers its own wallet with a comfortable interface where users can get an access to the services of platform. And EDC coins can be used as cryptocurrency for gathering donations. Fast transactions and low commissions are guaranteed thanks to the usage of the 2.0 Graphene technology. And for those people who want to donate anonymously, there is anonymous transactions module. It will allow to donate without showing your data: you just need to choose “anonymous transaction” when you send money. This wallet can be used here: https://wallet.blockchain.mn/
Some projects may want to create their own cryptocurrency to gather donations in such money. For this goal, people can use a designer of coins on EDC Blockchain. This service really simplifies the process of creating cryptocurrency. You don’t need to go into technical details here. You just need to choose needful settings, and the program will start to work. You can get to know about it here: https://blockchain.mn/coin-constructor/
Links to the pages of EDC Blockchain:
Website: https://blockchain.mn/
Telegram: https://t.me/EDCBlockchain
Twitter: https://twitter.com/EDCBlockchain
Facebook: https://www.facebook.com/EDCBlockchain/
Instagram: https://www.instagram.com/EDC.Blockchain/
Youtube: https://www.youtube.com/channel/UCdkt4HSObcdnSU4CrqZqgig
Reddit: https://www.reddit.com/user/EDC-Blockchain/
The author of this article on BitcoinTalk: thlayli (https://bitcointalk.org/index.php?action=profile;u=2637842)
