60. Bitcoin and Philanthropy: Raising Funds in Innovative Ways

Many charities are embracing Bitcoin to facilitate donations.

For example, The Pineapple Fund, which has distributed $55 million in Bitcoin to various causes, illustrates how cryptocurrency can transform the philanthropic landscape.

By accepting donations in Bitcoin, NGOs can reach a global audience and reduce transaction costs, allowing more resources to be devoted to their missions.

It also encourages anonymous donations, which can be a boon for some donors.

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