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Non-profit organization focuses on Bitcoin—Save the Children plans to establish a new fund
Cryptocurrencies are increasingly recognized as a funding source for support initiatives. Save the Children has introduced a new mechanism called the Bitcoin Fund, aiming to enhance the impact of donations.
How the Bitcoin Fund Works
The key feature of this fund is that it does not immediately use the received donations but holds them for up to four years. This design assumes that the value of Bitcoin will increase during that period, allowing for more support even with the same amount of donation. In other words, it leverages the growth potential of digital assets to maximize the effectiveness of limited donations.
Changing Funding Strategies for Nonprofit Organizations
In the past, charitable organizations relied on bank accounts and regular donations. However, now there is a growing movement to incorporate cryptocurrencies into their funding strategies. Save the Children’s decision reflects a recognition of the value of digital assets and their practical use in support activities by trusted organizations.
Tips for Reliable Donation Activities in Japan
While the culture of giving is taking root in Japan, transparency and efficiency in donations are becoming increasingly important. Such innovative funding strategies could serve as a reference for Japanese nonprofit organizations. Utilizing digital assets like Bitcoin offers a way to enhance the social contribution of the same donations.
Future Outlook
Save the Children’s initiative is not just an experiment but suggests a new model for global support activities. As the potential of cryptocurrencies is recognized, more trustworthy organizations are likely to consider such mechanisms. The integration of digital assets and social contribution may transform the future of charitable giving.