Cryptocurrency investors have amassed a lot of money in a short amount of time, and now it is time to give back. That is the philosophy which inspired Brian Armstrong, Coinbase CEO to launch a new charitable fund, TNW reports.
An anonymous donator has sent 38 BTC amounting to $23,000 to charity fund BitGive. The money will be used to maintain operations of The Water Project in Africa.
Charity crowdfunding project Bithope.org is running a campaign to raise funds for development of BitcoinTalk, the first bitcoin-related forum founded by Bitcoin creator Satoshi Nakamoto.
Charity and nonprofit organizations, contrary to traditional entities, gradually embrace cryptocurrencies and their underlying technology. This move has more or less evident justification. Blockchain technology may revolutionize the way various charitable efforts work, and change it for the better.