Bitcoin is being used to do good work. For example, donors are now benefiting from Bitcoin’s versatility by using Bitcoin to make their charitable donations more effectively, with greater transparency, and to enhance tax benefits. Bitcoin is Becoming the Currency for Charity As the Paradise Papers reveal, the powerful have been committing fraud on an unimaginable scale with US dollars and other fiat currencies, not with Bitcoin. Indeed, because of the transparency that its blockchain
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Giving Tuesday is coming December 1st and this year BitGive the first 501(c)(3) Bitcoin nonprofit is using its donations towards their Bitcoin Charity 2.0 Initiative. The plan is to create a transparency platform for donors and organizations using the blockchain for philanthropy. Also read: Less Taxes and More Bitcoin Donations with the BitGive Foundation and LibraTax Founded in 2013 by Connie Gallippi BitGive was one of the first nonprofit charities representing the grassroots Bitcoin community.