GERAS Cameroon has been admitted on the Donate a Bit digital platform. Donate a Bit is a non-profit organization, powered by Bitcoin.
Currently, fundraising organizations are hardly making use of the possibility to collect cryptocurrencies like Bitcoin. As this is a new way of fundraising, the possibilities are numerous for the charity organizations as well as their target groups. There are no issues to be expected concerning current legislation and regulations. Over the recent years, donors have become increasingly critical towards the fact that their donations were not received in full by those intended. Banking costs is one of the main reasons for this. As there is no third party, like banks, involved when using cryptocurrencies, transaction costs of these currencies are very low and in some cases zero. This is one of their great advantages that enables the recipient to receive as good as the entire amount of the donation. Another advantage of using cryptocurrencies is their transaction speed which is far faster than traditional bank transactions. Also, digital currencies are not subject to international fluctuating exchange rates.
Donate a Bit offers a platform where you can find charity organizations that are willing to receive donations in Bitcoin and other types of cryptocurrencies, with a goal to encourage charity organizations and donors to start using this new technology which will ultimately change the world. Donations are deposited directly, or in some cases indirectly, into the wallets of the charity organizations. With the help of donors, Donate a Bit will support established charity organizations in their effort to present their goals internationally and to collect additional funding for their charitable initiatives. Donate a Bit will also encourage companies in the cryptocurrency industry to donate small amounts of their profits to these charity organizations to help improve the image of cryptocurrencies worldwide. Initially Donate a Bit will serve as a platform where donors are given the opportunity to donate cryptocurrencies to a charity of their choice. Subsequently, with the help of participants, Donate a Bit intends to develop and implement these applications for charity organizations themselves with the aim to create more transparency concerning the charity industry through the use of this new blockchain technology.
In principle, Bitcoin stands for a ‘new world order’, a new financial world separate from the big capital. Bitcoin and other cryptocurrencies are more than just make quick money. They will change the world in the long term. Bitcoin is revolutionary and has the potential to function as a global currency independent from the financial system as we know it. Bitcoin was designed to make the world a more transparent, fairer and equal place. Anyone with a smart phone or computer can use this new digital money, not only in the western world, but also in the developing countries around the world. Bitcoin and other cryptcurrencies can be traded but can also be donated to people in need and charity organizations with little expense. Imagine a world where you can help every person in need with the touch of a button.
Donating Bitcoin is a great way to express your compassion regardless of who and where you are. Bitcoin does not discriminate on the basis of borders, religion, race, gender or social status. Donate a Bit and revolutionize global philanthropy through blockchain technology. Donate Bitcoin to GERAS Cameroon now.