• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Binance.US Takes Action Amidst SEC Complaint: Delists Over 40 Trading Pairs
bitcoin donations Venezuela

Bitcoin (BTC) Donations Feeding Thousands in Venezuela

Osato Avan-Nomayo by Osato Avan-Nomayo
4 years ago
in Bitcoin Charity, Bitcoin, News, News teaser
0

Bitcoin (BTC) donations are providing subsistence for thousands of people in Venezuela amid a crippling economic crisis.


Bitcoin Donations Feeding Venezuela’s Poor and Hungry

Tweeting on Sunday (September 22, 2019) Bitcoin Venezuela said it had used less than $500 in BTC donations to buy food and other essential items for economically disenfranchised people in Venezuela.

$229.47 USD (~₿0.022547 BTC) bought non-cook pasta for a whole week to help feed ~1200 people who eat in the soup kitchen daily

Another ₿0.022547 BTC bought:

– bleach, laundry powder for the special care center

– fruits, vegetables, ribs, pasta, eggs for elderly women center pic.twitter.com/N5hDWFGdPZ

— Bitcoin Venezuela ⚡️ (@btcven) September 21, 2019

The non-profit organization runs the humanitarian Bitcoin for Venezuela Initiative (BFVI) that looks after thousands of people in the country.

According to the charity organization, about $230 in BTC can provide food for more than 1,200 at its soup kitchen for a week. The organization also provides other essential commodities for the elderly.

Bitcoin Venezuela is also calling for more BTC donations to support its humanitarian efforts in the country.

Bitcoin continues to be a popular option for Venezuelans with its fiat currency being of little worth. Severe hyperinflation has seen the value of the bolivar tank massively.

U.S. sanctions and capital control measures have also made forex almost impossible to obtain. Thus, many Venezuelans have turned to bitcoin and other cryptos like Dash.

This massive crypto adoption hasn’t spread to the country’s state-issued cryptocurrency — Petro. Despite efforts by the government to drum up utilization of the controversial crypto, Venezuelans have in the main, stuck to bitcoin and dash.

The Maduro administration back in March 2019 announced plans to levy fees on bitcoin remittance. As previously reported by Bitcoinist, Maduro’s government is now collecting airport taxes in bitcoin as a way of circumventing U.S. sanctions.

The Rise of Crypto-Philanthropy

Bitcoin Venezuela’s tweet puts into sharp relief, the vital role cryptocurrencies can play in supporting relief efforts around the world. Cryptos have increasingly become a significant part of donations to charity organizations.

Crypto-philanthropy is hardly a 2019 phenomenon. The Pineapple Fund — arguably the most popular crypto-philanthropist to date, gave away $55 million in BTC. Binance Charity supports humanitarian efforts in different countries around the world.

Even mainstream organizations like the United Nations International Children’s Emergency Fund (UNICEF) has joined the crypto adoption train. Back in 2018, UNICEF urged online gamers to contribute their computing power to mine cryptos and donate their earnings in support of children affected by the Syrian conflict.

More recently, crypto owners in France came together to create the ‘Notre Dame des Crypto’ as a way of encouraging bitcoin donations for the reconstruction of the cathedral after the fire incident of April 15.

Would you like to donate bitcoin to help the poor and needy in Venezuela? Let us know in the comments below.


Images via Bitcoinist Image Library, Twitter: @btcven

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Osato Avan-Nomayo

Osato Avan-Nomayo

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Related Posts

Bitcoin

Bitcoin Investors Get Robust Returns In May – How Will Binance Lawsuit Affect Their Gains?

14 hours ago
Rare satoshis

Rare Satoshis: The Rising Star In Crypto After BRC-20 And Meme Coins?

1 day ago
Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

1 week ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

1 week ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

1 week ago
Bitcoin

Bitcoin Shrimps Continue Aggressive Accumulation As Holdings Hit ATH

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    6 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    6 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    6 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • DigiToad (TOADS) Stands tall against Dogecoin (DOGE) with...

    4 hours ago
  • Bitcoin (BTC) or the New Favorite, InQubeta (QUBE) ?...

    5 hours ago
  • Bitfinex and GoCrypto announce the listing of the GoC token

    7 hours ago
  • Discover the 3 promising Altcoins Whales are accumulating...

    8 hours ago
  • Tornado Cash Developer Set Free, InQubeta (QUBE) Presale...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.