Save the Children Launches Dedicated Bitcoin Fund
Save the Children’s new Bitcoin Fund allows cryptocurrency donations to be held for up to four years, enhancing donor flexibility and leveraging blockchain to accelerate emergency aid delivery.
Save the Children has launched a Bitcoin Fund, developed with digital asset firm Fortris, enabling donors to contribute Bitcoin that the organization can hold for up to four years before conversion. Unlike most nonprofits that immediately liquidate crypto donations into fiat currency, this fund offers donors the flexibility to decide conversion timing. It aims to improve aid speed and efficiency through blockchain tools, stablecoin transfers, and digital wallet-based vouchers, reducing costs and increasing transparency in humanitarian efforts. Save the Children has accepted Bitcoin since 2013, raising millions via its Hodl Hope campaign.
- Bitcoin Fund: A type of investment or donation vehicle that holds Bitcoin for specific purposes, such as funding charitable programs.
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging its price to a reserve asset like the US dollar.
- Blockchain: A decentralized, immutable digital ledger used to record transactions across multiple computers.