Humanitarian aid is more impactful when it is timely, transparent, and accessible, no doubt. And this is where cryptocurrency is making so much of a difference as a method of donation. But how successful have crypto donations been as a breakthrough solution, and how impactful have crypto donations been for non-profits? Let’s consider a few success stories.
Save the Children
Save the Children did not only signal their future-readiness following the Typhoon Haiyan disaster in 2013 by accepting Bitcoin donations for emergency disaster relief, but they also created meaningful impact.
Strategy
The international NGO in partnership with BitPay, implemented a donation system that generated significant media attention globally. Wallet integration enabled donors to make BTC donations directly.
Impact
- BTC donations came in the thousands within weeks.
- This resulted in a series of consistent and long-term crypto donations.
UNHCR’S Crypto Donation Program
The advantages of speed, agility, and accountability of crypto donations came to the fore when UNHCR partnered with the Stellar Development Foundation (SDF). The objective was to launch its integrated blockchain payment solution to provide aid to displaced and other war-affected people in need in Ukraine.
Strategy
While the pilot phase was designed for Ukraine, it’s easy to adapt the payment method globally. The use of a stablecoin – USDC – ensures the funds are sent directly to the digital wallet of the recipient. Moreover, USDC provides a stable and secure store of value across countries and borders.
Impact
- Ukrainians in places such as Kyiv, Lviv, and Vinnytsia were able to receive funds and convert them to a desired currency.
- Thereafter, they could withdraw funds through available MoneyGram locations.
- Thus equipping them to take care of basic needs such as rent, accommodation, food, and medical care.
GiveDirectly
Talk about giving aid directly for immediate impact. GiveDirectly was able to streamline the process of giving donations and disbursing them directly to people in need. In 2021, GiveDirectly launched a pilot program for sending USDC to low-income households in East Africa.
Strategy
The objective was to transfer cash directly to target beneficiaries in Kenya, Malawi, and Uganda instantly. To do this, they accepted crypto donations, converted them to fiat, and distributed them to recipients. For this, GiveDirectly worked with blockchain partners to create wallets and onboard locals. In addition, the use of stablecoins helped to avoid volatility.
Impact
- Donations were traceable, transparent, and instant.
- The transfer fees were significantly lower compared to traditional banking.
- More donations became possible across borders.
Write your Success Story Through Selfless Giving
The three success stories above have shown that we need not let traditional banking processes of bureaucratic bottlenecks hold us back from giving. Most importantly, CryptoDonateNow.org is here to make your Crypto donation process a success.
Disclosure: This article is part of the CryptoDonateNow paid Contributor Program.
