Topic: [2015-08-04] Gates Foundation looking at Bitcoin tech to assist the poor (Read 243 times)

Kakmakr

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Merit: 1966

Leading Crypto Sports Betting & Casino Platform

It's a start, but it's a pity they are jumping on the Blockchain bandwagon and not onto the currency that started it all. Surely Bitcoin has proven itself as a crypto currency already, and a new technology has to go a long way to cover the steps Bitcoin has already walked.

I have started to focus my charity efforts on Bitcoin donations only, to stimulate it's growth and acceptance and because I feel, the money channeled through the banks going towards charities, should have zero fees. Bitcoin gives me the opportunity to do just that. If I give $100 to charity, why must $20 go to banks for fees?

If they create another Blockchain type technology for banks, I will still only use Bitcoin out of principle or I would not support any charities at all. Sad

tyz

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Activity: 3360

Merit: 1533

Kosta Peric, the deputy director of the Financial Services for the Poor initiative at the Melinda & Bill Gates Foundation, knows a thing or two about the financial sector. And he has a pretty good idea of how financial services can be used to help the poor.

https://99bitcoins.com/gates-foundation-looking-at-bitcoin-tech-assist-poor/

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