Topic: Bitcoin donation vs Bank donations (Read 1144 times)

That's great comparison.
Bank donations does not have transparency because they are not obliged to make transparency reports for all of the donations they have. Unlike with digital or bitcoin donations, the donators can track the transaction from the wallet they sent the cryptocurrency. The ledger or blockchain technology is helping the transaction more reliable and transparent. You can see how the address spend the funds that they have. You can see it anywhere in globe. That's why when the online selling via btc payment will become popular and all transactions can be done online, no wonder fraud like banks will exist.

with all the points you listed out and my knowledge of bitcoin, i prefer the use of bitcoin for donations to the use of banks. Through bank donations, there isn't always a transparency on how much has been raised as well as how the money is being used but with bitcoin, there's a hope of a redefined transparency where every can easily trace every penny and cannot be accessed by them unless the person that has the key to the wallet.

Well obviously bitcoin donations is more transparent coz it is going to generate block whenever a transaction is going in and out, basically you'll see the every flow of the money with blockchain publicly. However with bank donation, though I haven't done it yet, I'm pretty sure they would not just give the list and the contribution and that's a hole where they can do shady things, they can simple move under the people's radar. I'm not accusing tho but that's maybe what it is.

Charities are good, don't get them wrong they really wanna help but you can't control every people under their institution those who have different life situation this is where the things might go off.

Bummer! I forgot about the volatility.
I guess when you are in this forum for so long you won't think about it.


Didn't mean it that way but if it did reach you by this means then I am thankful also.
We could all help even in our small ways.

great to see those Charity example above,just now that i come across those project and Gives me a chance to donate even at least small amount.
But about Choosing Between Bitcoin or banks donation?

I think i would choose Bitcoin because in this we have more option to follow our Money.

I must admit that all my money is i hardly accumulate specially this pandemic but i am willing to help because i am lucky not to become the one who needs help.

If it is traditional , it does not mean it is safer or better.
At the same time one should remember that most of the bank donations goes into the pockets of the government. I would like to state here that , due to Corona Virus , the foreign national students were supposed to be taken care of by the government.
Many people donated . Including the Big personalities for the kids in the college and it was all over the news about how the government would being the people abroad studying home.

Reality: Government asked to pay 2.5 times the normal air charges + additional charges for quarantine and even food , which was approximately 40$ a day for singer sitting.

Government is actually earning from both sides. Showing in the media and asking for donations and here what is happening is only known to people. Parents who can afford to pay that much are okay but for middle class this is a very difficult situation .

Dare I ask my government where did the money went ?

Dare I ask the US government if they did not have money for the PPE for the nurses , how they managed to bring PPE and other gear for the military AGAINST THEIR OWN PEOPLE.
When one military full equipment could have paid for 31 PPE !!

PPE= Personal Protective Equipment.

This is hilarious man the government is so corrupt and people are so gullible. Only if we can use blockchain there and see where all these donations are going. Politicians will be running for their lives in a matter of seconds.

I'm for banks donation because this is much safer and been the traditional way of donating.

It is our Obligation being Donor to know where the  funds goes because that money is our hard earned and we wanted to at least
go to right people or institutions,and how the recipient spent those
 funds because more than any one else we must be updated in each transactions.Bitcoin can be easily checked since wallet are
not private and we can follow the trail.
and also you are asking about this question here in crypto so majority will answer in favor of Bitcoin of course.
Another thing is why we need to look at bank donation when
 we mostly have funds in our crypto wallets?meaning we need to transfer our money from Bitcoin to bank first
 before donating.i think this is much work to do and no
 transparency .

Few benefits one can see from using blockchain :

1. Transparency of the funds
2. Assurance for the donators
3. Corruption will be tackled properly

I do think the problem will be :

1. Volatility
2. People usually don't have BTC , not everyone has it , so they prefer donating in Fiat

At the same time I do know that people who ask for donations usually prefer giving a full transparency to the donators using the receipts and all .

Here on our forum I have seen people actually using blockchain and the forum to assure the donators about what is being done with their money , which is amazing , this also attracts more people to donate and do good .

Transparency is a much needed with operations like these.

I think it is hard to verify the donations if it is not thru charity organizations, but there is a way to confirm if it is via individuals/families that badly need assistance or relief goods. One thing that I've seen in those running btc donations here is that they are posting photos to where they sent the goods. Of course, we will not ask for the receipts anymore as we are trusting those members that they are doing what is right. But for those big donations that pledge charity organizations, I think we need some sort of confirmation from the organization's end that they indeed received the funds.

Whereas, if bank donations, we really have no way in knowing if they truly give all the funds to the respective individuals or organizations. We just trust those people that are in charge so if for example, I donate to them, I don't worry how they will spend it because once I donated, I trust them that they will do the necessary action.

If I'm earning well again in the future, maybe I will try to consider making a consistent donation to the charity that I will choose, you need to have an excess money in order to help others as in my case, I have to make sure I will help my family and my relatives first before extending the help to other people, and I hope someday also I'll be able to send donation through bitcoin or any crypto coins.

Wow. It's amazing. Maybe you could also input the name of charity your wife is running here.
Who knows if someone out there may be reached by it and donate more and help the orphans.

Oh yeah, a verifier. I guess honesty will be the issue here.
Charity might say it is not needed since they can provide all the list of how they spent the money.
A verifier could be a receipt but there is no such thing yet in bitcoin but just the address and transaction details.

Could there be a chance they will sign an address confirming it is owned by the orphan organization for example and then another for the charity organization just to proved?

Well I don't donate to any religious institutions. I used to and it was long ago before I understood their business. I used to donate money to other charity organizations and one of them I already talked about. I learnt to help people hand to hand in the hard way. I feel good this way since I know that my donations are not wasted and it going directly to the person or family in need.

Donation for humanity from my point of view is based more on human relations and God, then the responsibility and empathy. Each person has different habits in donating, there are those who check the details before donating, there are also those who donate directly every time a humanitarian project touches their empathy.

My wife and her friends often raise donations, especially for orphans. They list orphans living below the poverty line around them by requesting data from the head of the RT (lowest division village). So that funds collected every week can be distributed alternately with increasingly broad coverage.

The activity every week is because the scope is only small, so the balance always becomes zero per week, and they provide a report on income and the child's name report that is given along with documentation of distribution of donations.

Using a bitcoin wallet or bank account is the same for me because the donation coordinator makes the arrangements. The possibility of embezzlement of funds is on the side of not recording the incoming donations (in this case bitcoin is superior to blockchain technology) but how to ensure that funds are channeled to those who really need them. There is a need for a verifier.

I believe charity programs ought to be a transparent endeavors which implies that the general public ought to know about the entire process right from how many people contributed to the course down to how the fund is being used. The only way to ensure that transparency and accurate traceability is through the usage of bitcoin and that's why donations through bitcoin is far better than bank donations 

When it comes to transparency then nothing beat out who uses up Blockchain tech yet everything can really be seen in public in regards into
its incoming and outgoing transactions and as a donator then you would really have that kind of tracking if those funds are indeed being
used in the right way but it wont really be complete if you wont able to see if the said address receiver had used the money on where it should be.
Example into those forum charities above, you can really tell up that they do spent up those funds honestly which we can see directly on what
theyve been doing, they do show proofs of purchases and proofs of distribution which would even give more confidence to donate.

The volatility is not permanent. It's there only because Bitcoin lacks liquidity on exchanges and there's a lot of wash trading going on.

It doesn't change the fact that Bitcoin donations are not only more transparent but also more secure than their traditional counterparts.

No wonders some of our religious leaders in our country are very rich already, in the Philippines, religious organization are not taxable, so they can make a lot of money their followers. here's the list of our top richest religious leaders in our country.

https://www.opinionstage.com/silveraden/ten-wealthiest-religious-leaders-in-the-philippines

The number 1 is already a billionaire, and TAX FREE.

Speaking of church and charity, I'd rather donate of charitable institution as they are the ones who really act to use the money at the right purpose.
But then, since we are talking also about transparency that is why we compared bank vs bitcoin donations, then bitcoin always wins in that matter.

Well I do not want to talk about religious institutions much but from my observations in all these years my opinion about them is that they are just a business like everything else. In fact, it's the biggest and safest industry :-P

That's because you trust them, you don't bother to verify how the ask are being spent, I understand, most people who make donations just give their full trust without a lot of questions, but mind you, even the church could be a corrupt institution, and in our country, a church already has a set of officers including the auditors which would verify the cash in/cash out of funds that the church own, and these are more trusted than those who are seeking for donation.

Possible but not sure if anyone will bother to ask for it. I used to have a monthly direct debit with an organization who were looking after children in Africa. Every once in a while I used to receive thank you card from the children with the copies of the creative art works they were doing, a letter from the organization to thank me and other updates.

I never bothered to ask them for more. Those regular updates were enough for me to have this feeling that they are working know that the organization also runs with the money we donate.

This summarizes the issue. Thank you.
I guess it is because of my lack in English vocabulary that I suffered to explain thoroughly. 

If not, the receiving end will do the cut. The middleman as they call it before it goes to the charity institute.
As I said, somehow it could also end the corrupted part. It may not be entirely but a little change will do.

They don't need to be force but for transparency purposes, they can publish their bank statement if those who donate will request for it, doing so will add some confidence to the people who donate that they also have a right to audit. I know for charity purposes most people who give donations does not ask for liquidation, but a per or institution who accept donation has the responsibility to be black and white.

From my personal experience I can say that many organitations are still not accepting Bitcoin as donation. Reasons for that are volatility, lack of regulation, strict rules for donations and similar. So,it's actually hard to find someone who accepts Bitcoin or other cryptocurrencies as donation.
I think it's better way than to.go through the banks but better conditions for something like that should be enabled first.

With crypto, we still have few decades to go if not centuries for everyone to recognize crypto like they do fiat these days. And when we are talking about a charity it really is the trust you put to the organization with the good faith that the donations you are making will be given to the purpose they are raising the funds. I do not think anyone will be forced to show you their bank statements.

Bitcoin donation is more secure when it comes to accounting, but majority of the people trust banks than blockchain as only few of us are educated with crypto, and also, they will always consider the volatility of crypto which is risky if the price will go down, if there is a stable coin, then probably that is the best choice.

Facts like this must be known by the public, so that many people have an open mind. And realize bitcoin donation is more reliable
than a bank donation. Indeed, the problem of the donation bank is very difficult to trace for channeling funds, and is very open to
corruption occurred. With bitcoin being more transparent, then donors are more calm in entrusting their funds. Therefore I am very
happy when institutions like UNICEF receive donations with cryptocurrency, hopefully other charities can follow footsteps UNICEF.

I have personally sent several donations for one of the projects listed in the OP, and I can say that I am completely satisfied with the degree of transparency achieved by donating in this way. On the other hand, I avoid any large so-called charities like UNICEF, whose members receive huge salaries for their work, and of course instead of helping children share profits with banks.

Of course when we talk about charity on this forum we can also talk about it being done by people who have a certain reputation and trust, which is only complemented by the use of publicly displayed transactions. Of course, this does not mean that every charity project outside the forum would be really fair and honest just because it uses BTC as a means of donating. Although this way of donation narrows the possibilities of manipulation, in the end it all comes down to who manages these funds.

I have to admit that I have really high criteria when it comes to charity projects, and that I have a zero tolerance rate towards those who exploit children, the sick and the weak for their own self-interest. In real life, I always help directly, which means that I give into the hands of those I see that they really need, which I would definitely recommend to everyone instead of sending money to so-called humanitarian organizations (of course there are some exceptions).

One address sucks, it ruins privacy, and people who make donations deserve privacy, especially if they are donating to a cause that might be illegal in their country, like protesting against tyranny, for example.

And a statement doesn't guarantee that funds are not being embezzled, it all can easily be faked. A better way to be safe is to donate goods instead of money.


We all here know how high can Bitcoin fees sometimes get. When it comes to small donations, Bitcoin fees can be as high as the sum of donation itself, meaning that Bitcoin is at that moment is a worse option than banks.

Again, it is partly about taxes.

When doing donations in fiat (bank), you need to know the country tax policy of organization you are donating to. For example, if a physical person makes a donation in my country, and the amount exceeds 5000 EUR/month (I need to recheck it if really needed), that this donation counts as "donation organization gains profit" and they need to pay 2-5% tax from it. When legal entity does same - they also need to pay a tax. (yes, our government will never been poor).

When sending a donation in bitcoin - you don't face that kind of stupidness.

Also, using Bitcoin guarantee that you are sending more money to those charities. The moment when you use third party services like Banks they change you Bank fees and a percentage of your donation ends up in the pocket of the #@$#* Banks!

When you transfer those bitcoins directly into another Bitcoin address, much less fees are applicable for that transaction and if the receiver pay with bitcoins for the goods and services, then more money goes to the goal of that charity.  

Global Bitcoin payments are much cheaper and faster than most global transfers with money transmitters and also some Bank services.  

Bank does not have a public ledger since they always protect the privacy of their clients depositors, therefore we will not know if the amount was move or not, and even if those people whom we entrust our donation will give us a picture or a copy of the bank statement, it's still not 100% reliable as we can't verify it and nowadays, pictures can easily be fake through photoshop or whatever apps that will be use.

In blockchain, it's a system that no one can tampered, so it's more transparent and I trust bitcoin donation for that.

I think you don't have to worry too much because if charities or the bank do not distribute the money to people who needed, people will know by themselves. That smell will be in the air, and that can make people will understand, and they will select the right charities. So no matter what charities or bank that you want to use to donate your money, if you wish to use bitcoin or fiat money to donate, make sure you can know the credibility of the charities. So charities cannot run away the money because they know that their charities are watching by many people.

The choice is an easy one to make for any donor who understands both techs — crypto and banking. Donating crypto is an easy pick for me. I like to see things done transparently if am participating in it. Again, the donations controlled by the  above mentioned forum members has again shown how honest humans can be once they set their minds to it. Kudos yo all.

i have not donated a single cent in any charitable works this pandemic season mate because Our Whole family decided
to do it on our own,me and my wife serves as the free
 hand to deliver the goods while some of our relatives and family members contributed to buy essential goods and foods
 to help community near us,because there are depressed
area next to our Subdivision that badly needed help so what we did is at least every week we organized helping 20-30
 families ( of course the way we can afford only because
 we also have some struggles now) and happy that for the past 2 months we manage to
 help more than 300 families.

---

About the question you made OP?for me personally i would agree with your stand that to have more transparency we
 must at least let them Give audit each time so we
 know where the funds are going.but i will still prefer Bitcoin donations on this because we can easily
follow the flow of transactions.

Yes, having thoughts about that.
I guess I just screamed my own opinion which is also convenient for me.
The fact that I see my bitcoin transaction completed takes out the worry of it going to wrong hands.


Which is why it will depend on them to secure the wallet.
If the funds grows to unimaginable heights then, they can use the donations to add more security.
As long as the transparency will be preserved.

You have some nice points there, is good to be able to track the money and to know when the founds were spent, +1 for bitcoin donations.

But it is important to remember that some donations groups becomes targets of the hackers, and it has happen in the past that the donations found get stolen.

That's why you should donate to exchanges that are well known, just like the Red Cross, Save a Child, and other big foundations. You're right about banks, there is no way to trace the donations out have made. It's up to the foundation you donated to to keep updating those that donated to them through their social pages or whatever medium they choose to do so, on what the donated money are being used for. Apart from that, there is no way you can tell. And big foundations don't stress themselves with updating you on how the money is being spent, you just got to trust them since that's the work they have been doing for years.

Using Bitcoin and Blockchain is still a good idea. You will be able to see where the money you donated are being sent to and how they are being spent, but you can't really tell what exactly it was used for , if you're not told, you will only be watching the money move from one address to another lol.

If we talk about donations, people will have their own opinion, and I am sure that they will choose whatever they feel convenient, whether they will use bitcoin or fiat money to donate. People will care about where the charities will distribute their money or people will let the charity to choose where they will give the money to help the people.

When you prefer to use bitcoin for the donation, then you can continue while other people who choose fiat money for the donation, they can still continue as what you did. The point is we do a great thing by donating some money to help other people, and I am sure that the charities will donate to the right people.

Doesn't need to be like that.
One address for all the bitcoin donation.
If something gets out, there should be a statement into where it will go or be donated.

I think everything will still depend on the one who is managing the charity which is like the example above.
They move the number of bitcoin but there is always transparency into where it will go.

Naively implemented Bitcoin donating (one static address) has horrible implications for privacy. Anyone sees the list of all donators and can use it to try to trace them. And if donating is done right, i.e. unique address for each donator, then it losses all the benefits that you described.

Also, Bitcoin doesn't magically give transparency, you will most likely see that your recipient sent coins to exchanges, after which you'll have no idea what they did with them.

Donations via bank have a ton of flaws, and Bitcoin donations are better but for different reasons - they are immutable and global.

I respect your opinion.

It is not really about every penny that will be spent.
What I am trying to say is the visibility of the funds in bitcoin.

If they move 1 BTC then we could use the power of asking, of course in a good way and not like we are already accusing them.
How the money was spent. They don't need to provide every detail like prices of each.
Just transparency on to whom or where it was given should suffice.

I bet they would love to do that, for a possibility of more donations to come.

1.Donating money only because other people are donating seems pretty conformist to me.
2.Knowing how much money is collected is a great social proof and can motivate more people to donate,but I think that it's easy to get information about bank account donations.Just request a bank statement about the bank account that receives the donations.
3.The money spent from the bank account,which is receiving the donations can also be tracked by requesting a bank statement.

Charity is always a good thing,if the money are spent for the actual charity project and not stolen.
It doesn't matter if it's bank donations or crypto donations.

I just don't like the concept on how much they spend the funds they collect in their campaigns since the only thing we can see is the distribution but the internal things like auditing and others is none visible, maybe this bank donation is good but for now I prefer with bitcoin donations since the legit project creator provides the receipt on where did they use the funds and there are frequent updates regarding on the remaining balance and what is their plan for it.

Yeah i get your point now mate,and also i see the real good thing in this is we will not encourage people to commit mistakes and bad moves because of our silence.

It is not that they will take advantage of the situation but if we will not look at them,in some cases(only small chances) than one may be prone to making wrong decision .

So having this they knew that some Eyes are on their movement and they need to take good care of each steps and maintain the Goodwill .

Hoping That even a single cent will go to the much needed people.

Your concern is right. You can't trace if you donate through bank but you are able to trace bitcoin. Do you believe this is enough to ensure about transparency of charity organizations? I don't think so, because you are only tracking unspent amount, but what about when the organization will cashout to spend it? Your tracking will end after cashout. I am really not against bitcoin donations but expressing opinion about your concern. That means you have to trust the organization who are recognizing for charity either you are paying by bank or with bitcoin. The main positive thought about bitcoin donation is you are helping on bitcoin adoption. Because I believe those organizer organizing charities from bitcointalk likely they are introducing bitcoin to more new people who aren't aware about it. I have to admit one thing that it's our responsibility to ensure about where spending our funds as much as possible.

Exactly.
I guess it will take a long time before they will start accepting the crypto currency option, particularly bitcoin.
I don't blame them, after all it will depend with the government too.

Whoa!
One more thing we should check out.
When we donate, we want to check if it did went it to the receiving end.
In bitcoin, we could see if there are confirmations.

Both donations through banks and bitcoin have their own advantages and disadvantages. I just want to stress out that there are some people that want to remain anonymous when donating. And that is what bitcoin can offer, I like the way you state about the transparency of the funds but what more important is when charities are posting the actual proofs of donation by showing photo documentation including the budget plan of each activity.

Though bank donation is also possible, it is just that, bitcoin donation made it easier for cross nationality to help each other by sending unified currency which is bitcoin.

Here's some Characteristics of bitcoin we can take advantage in terms of Donation:

Isn't the very fact that we donated through them, whether it be Bitcoin or Bank, mean that we trust that institution to actually put our donations to good use? I mean, yes, I've doubted banks more than once in a few instances but really, it isn't like we can do much to it when we've donated it already. We can only trust them to actually do something about it. It's difficult to show transparency since sometimes that transparency can just be a simple facade tbh, and we're actually already getting scammed right under our noses.

Still, Bitcoin donations could be a great option provided its transparency. Although on the other hand, even if there's only a minuscule of a chance of it happening, I think people/Institutions can still find some ways to take advantage of it. Idk how, but really, what we can do is limited by our imagination right?

Bank donations, I like the idea of, we see how much the other has spent without knowing who they really are just some list of the funds that have collected throughout the campaigns. With this list, I encourage myself to give even more in the future because I see the campaign to help the needy is working as planned. I see some charity foundation has made something like this and they also post their successful event made possible by the collected funds. However, in Bitcoin donation, you won't know who gave that huge amount of money unless they emailed you about it. I also like the Idea of helping without showing off yourself you gave those huge amounts of money.

This is a really interesting topic.  I run charity auctions on here, normally to help out with current issues in our society ( auctions for honey bees in the past, this year just recently ran several for the Australian wild fires).  One thing that is really obnoxious is the lack of accepting of cryptocurrency.  It would be nice to see where it is going and how it's being used, but I'm not sure that's possible quite yet.  I would just like it to be accepted for timely payments. I donated to wires.org.au through paypal, and it is going to take anywhere from 7-20 some days to transact.  Thats fucking crazy, for a charity?! 

Bitcoin is more transparent and you will actually know if the money has been used for the better while in banks the only one who controls the money is the banker and the owner of the bank account that later he can use to send it to some dummy accounts.
That's why i dont trust charities when it comes to donation.

The best feature of Bitcoin is transparency.

Every transaction is recorded on the internet and can be verified without any issue. Whereas fiat donation is not transparent it is completely hidden and there is no ways to verify it.

But. Fiat donation also comes with few benefits and one of he best benefit is excemption from tax. If you directly donate to a trusted organization you do not need to think about transparency.

As far as how much has been donated, how much has been withdrawn, when these transactions were made, how much is the balance, and so on and so forth are concerned, everything is very wide open for Bitcoin. Every donor can check that for himself/herself. As to bank donations, it is very hard to have access to such information. There is the bank secrecy law so you cannot just inquire how much is deposited in the donation account. Bitcoin is definitely much better as far as transparency is concerned.

There are other factors of course. But what I like the most with these charity initiatives such as cabalism13's and CryptopreneurBrainboss' is that all their efforts in buying the goods, repacking, delivery, and so on are done for free.

I am not against bitcoin donation but you can't totally rely on blockchain transaction to know maybe the the money donated for charity was actually used for the course unless you are physically present during the utilization of the donation so that you can have a balance statement about how the money donated is utilized. people embezzle funds and yet they provide accurate statement of how the money was spent. It happens in government too. budget is being padded and it went through many financial institution without been noticed. This is a serious issue that is being studied globally https://www.researchgate.net/publication/335431030_Budget_Padding_Causes_and_Solutions

That's okay with me.
We have our own different opinions when it comes to this kind of movement.

I personally love the idea of being anonymous.
But I want to see what will happen afterwards.
I know some charity are doing it because they love helping others, but some just don't.
Maybe this could just minimize the "don't" part.

The problem for a long time now.

i am with Bitcoin donation still mate,thought he transparency is not that much but at least i am protected with my personality.

And i believe that once i donated my money?i won't bother asking where did they use my donation because i gave them my money in Good faith so whatever they do with that is beyond their control,and i will just hope that they will do the right thing.

Sorry mate but we have different views in this matter but i support you position,I really do.

I think the transparency from the organization is not really dependent on whether they use bitcoin or fiat. Some charity orgs share their spending via monthly magazine, pamflet, or if a donator ask them. So putting that aside, I agree that if you use fiat then you need more trust. It's impossible for public to track how many donation were made even if the address were known, so that's the downside.

You could push them to accept bitcoin but then they'll probably need to talk with the government, and the legal issue is going to be discussed for some time.

That's the good thing of having a digital ledger where you can monitor every transaction happening from that address as you can always see what is coming and going from that address. However I would say that blockchain is a double-edged sword, I know that a lot of people now are already looking at the transaction history of addresses and sometimes this is used in a bad way from scams and fake projects, they will often send out Bitcoin or any other crypto to themselves to make it look like this project/scam is still active just to fool people, a lot of HYIP and Doublers do this as well either in the real blockchain or a fake one showing in their website.

1. After donating a certain amount of money, do you want to know if others are doing the same thing?
I do. It encourages me to do it again when I see everyone doing the same thing.
2. Do you want to know much is the collected amount?
I do.
3. How about an idea of how much they spent?
Yes.

Some may say, "You are helping, why question the aftermath?".
I do care and that's why I want to see where it will end up.
In my opinion, that's being a responsible donator.
Maybe this could also end corruption in charities. Let's face it, it's happening everywhere.

Kids are innocent and have pure heart. What if they asked you to donate their savings for a certain place which was hit by a disaster?
As an adult it is your duty to be responsible for the outcome of it.
So that, if they will ask again what happened to their donation, you can answer them as best as you could.
You teach and you learn.

So, I tried to compare how it's done in BTC against bank donations.
Here are examples of our great forum member's initiative to help Covid-19 infected and affected people.
Project Covid-19: An approach to support the Bitcoin community
by: Royse777
Project Covid-19: Supply to 50 families in Nigeria outside my community {Update}
by: CryptopreneurBrainboss
[SERVICE] Julerz's Campaign Management [Fee will be donated]
by: julerz12
Bitcointalk Charity Program Signature Campaign - Give Hope To Everyone...
by: cabalism13

Let's use the program of cabalism13 as an example.
The amount of bitcoin received for cabalism13's charity program is being escrowed by bl4nkcode at this address.
1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx
Now, it's easy to track it. Just go to a trusted block explorer and search it.
https://blockchair.com/bitcoin/address/1CHAriTyyuCzLdXshSDVohyjgxTxW9Bhx

If you donated the funds through bank accounts. How will you track the balance of it?
I have no idea. I haven't used banks for a long time.
I just know there is an account privacy so you will need to have permission from the owner (please correct me if I'm wrong) unlike my example above.

Another good thing:
Transparency once again.
cabalism13 will cash out some of the bitcoins to buy necessities for the selected charity.
Read the whole thread I linked above and you will see how transparent they are for every satoshi they will spend.
One example:
https://bitcointalksearch.org/topic/m.54523001

After all my rumbling, what did you realize?
Is donating through bitcoin better than using banks or digital money services?
Have you ever ask yourself how your donations were used?
Had you been a responsible donator or just blindly doing it?

Stay safe and healthy. Share your love and make others smile even in these bad times.

PS: I am not their promoter but I had already seen a lot of corruption and scam charities.
Trust me, this is a better choice.