Bitcoin’s caring side: Charity praises virtual currency after anonymous donation worth £23,000

By September 16, 2016Bitcoin Business

Mystery donation shows humanitarian side of cryptocurrency. The Water Project accepts Bitcoin donations from around the world We have noticed you are using an ad blocker To continue providing news and award winning journalism, we rely on advertising revenue. To continue reading, please turn off your ad blocker or whitelist us . Despite having to combat unsavoury links with nefarious drug dealing websites and allegations of terrorist financing, the anonymous cryptocurrency Bitcoin has finally found a redeeming cause — helping to fund humanitarian aid projects. One tech savvy charity based in Africa — The Water Project — has revealed how an anonymous donor transferred 38 Bitcoins, equivalent to $23,000, to support one of its causes. The money, the charity said, was the largest it has ever received and will now be used to help fund sanitation projects for the next few years. Why advertise with us In a statement posted to Reddit on 13 September, The Water Project expressed its gratitude: "We don’t know who you are, but we’re grateful. "So just in case you hang out here, we want to say thanks! Today you gave enough BTC — totally anonymously — to provide clean, safe water and sanitation facilities to an entire school and for the monitoring and repair funds to keep it working for years to come." After the mysterious donor sent the 38 bitcoins over two transactions , the charity said it will now identify an exact site for the work to start, noting it is likely to take place in Kenya or Sierra Leone. It explained that further details about how the Bitcoins will be used will soon be posted to its website. The statement continued: "The Bitcoin community has funded more than five projects (some anonymous, some not) over the past couple years in […]

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