5 Companies Using Crypto and Blockchain For Charity
Cryptocurrency is a rapidly expanding field, with many established companies experimenting with this new form of money.
One purpose of WatchUGot is to provide exposure for the idea that cryptocurrency and blockchain can be used to assist these charities in their fundraising goals. We believe this is true for two reasons:
- Blockchain allows for a transparent giving system where people can see where their donations are going to.
- Cryptocurrency is popular with a younger and technologically-saavy crowd, the kind that nonprofits must lure as Millennials and Generation Z make up a greater percentage of the population.
But don’t just take our words for it; here are five companies using cryptocurrency and blockchain to enhance their giving experiences:
Fight for the Future is an education fund that allows people to donate cryptocurrencies. By hitting the “Donate” button, then selecting “Donate Cryptocurrency”, you can choose to give in either Bitcoin, Bitcoin Cash, Ethereum or Litecoin.
BitGive uses bitcoin and blockchain to create a transparent giving experience so users can see how their donations are saving the world. They partner with organizations like The Water Project, Save The Children and Medic Mobile to promote a giving system that allows people to track the impact their donations make.
UNICEF asked video gamers earlier this year to mine Ethereum in order to fundraise for children affected by the Syrian Civil War. It began on February 2nd of this year and was dubbed “Game Chaingers”. When gamers stop using their computers, they had the option to turn on a mining program, meaning all they had to give was the processing power of their computer.
Coins 4 Clothes is the first charity to accept and spend only cryptocurrency. They purchased used clothing from people, then give the proceeds to Toronto-based nonprofits. The company’s business model is currently supported in the United States, the United Kingdom, Ireland, Canada, Australia and New Zealand.
The Clean Water Coin has teamed up with CharityWater.org to help raise money via crypto so disadvantaged people around the world have clean drinking water. They create funds for clean water projects and have a campaign page where donors can track how the nonprofit is doing.
Now That You’ve Seen Examples…
Go to Watchugot.co to download a social challenge that allows you to use cryptocurrency to change the nonprofit industry! Every dream of change you have can be achieved through our app.