How Cryptocurrency is Revolutionizing Charitable Giving
Cryptocurrency is considered a relatively new way of giving, accepting, and distributing donations in the philanthropic field today. Blockchain technology is becoming more widespread and understood, not without btcman , charities and donors can accept it as another effective way to help those who need it most, and in the shortest possible time. Benefits of fundraising in cryptocurrencies for charities and donors: Full transparency. Because the blockchain ledger is public, the flow of funds is completely transparent—perhaps more than conventional currency systems that require third-party intervention and transaction monitoring. Easier to accept international donations. You can accept donations worldwide with no exchange fees or bank delays. Smart contracts. Blockchain facilitates the exchange and storage of digital data, and can also be used as a guarantee that important documents or contracts will not be changed without the approval of all participants. Reducing administrative costs.