When we're talking about cryptocurrency, we don’t usually discuss philanthropy — donating to charity isn’t something often considered. Most of the talks are all about earning, mining and trading crypto. What's your opinion about Bitcoin donations? Did you ever donate your crypto to charity organizations? Why?
Philanthropic organizations are now starting to accept Bitcoin and many other cryptocurrencies which they can use to support many ongoing and future projects that are supposedly working for the benefits of the people who are needy. However, I am quite careful in selecting my charitable organization because many of them are spending the money more on the operations and their salaries rather than on the programs. This is an article warning us of some
bad charities who are not doing as they should be.
To make things fair, in any industry, there would always be good and good players, as long as we are all humans this can just be another natural phenomenon. I am sharing here with you, a list of some charities already accepting Bitcoin from donors:
http://bitcoinforcharity.com/bitcoin-charity-list/.
A good indication of the big potential between cryptocurrency and charitable/development work is the recent announcement coming from the UNICEF. The UN children’s agency, Unicef, has announced it is
accepting and disbursing donations through cryptocurrencies ether and bitcoin.Should we now encourage all Bitcoin and cryptocurrency millionaires to allot a portion of what they are earning from this industry for charitable and developmental programs?