Clean Water Nonprofit Reveals Celebrity-Fueled Bitcoin Water Trust Initiative – Sharing economy Bitcoin News
The non-profit World Water Trust has revealed a new project that utilizes blockchain technology and cryptocurrency to improve and share the availability of clean water worldwide. Called the “Water4People Project”, the initiative also involves celebrities, who are donating their time and money to the cause.
After receiving a push from pro-bitcoin celebrities such as Jamie Foxx and Jemima Khan, CoinFund , a non-profit that aims to provide clean water to children in the developing world, announced the launch of the Crypto Water Trust , a new initiative to distribute clean water through the blockchain and help raise awareness of the issue.
On Friday, well-known nonprofit charitywater.org announced the launch of its celebrity-funded Bitcoin Water Trust initiative. By 2025, the trust will be able to hold donations in bitcoins to fund water projects around the world.
Charity Water launches Bitcoin Water Trust
Several announcements were made at the Bitcoin 2021 conference in Miami, and one of them was from Charity Water, a global nonprofit that specializes in clean water. Charity Water is a non-profit organization that helps provide clean and safe drinking water to citizens in developing countries. On the fourth. In June, Charity Water announced the celebrity-funded Bitcoin Water Trust initiative, which aims to use bitcoin (BTC) to bring about a paradigm shift in the charity sector by embracing this digital asset. The charity said it received its first donation in bitcoin in 2014, and since then the value of the leading crypto asset has increased more than 100-fold. According to the announcement, the Bitcoin Water Trust has opened a charity fund for celebrities and public figures to donate at least 1 BTC each. The founders of the Gemini exchange plan to donate the first 50 BTC. The 100 founding members of the Charity Water Bitcoin Water Trust include such notables as Meltem Demirors of Coinshares, Mike Novogratz of Galaxy Digital, Yoni Assia of Etoro, professional skateboarder Tony Hawk and others. We believe in the generosity of this community and the potential of bitcoin and blockchain as a force for good in the world. We were encouraged by the overwhelming support for the Bitcoin Trust initiative, Scott Harrison, founder and CEO of the water charity, said in the announcement. Harrison added: By establishing this foundation, we aim to harness the transformative power of this generation of digital technologies to create lasting social impact, providing a potential model for other charities looking to do the same.
Legendary skateboarder thinks bitcoin can have positive impact on charities
Tony Hawke also stated that he has been a supporter of the water charity for many years and has seen the group’s efforts in Africa first hand. I have been a proud supporter of Charity Water’s mission for nearly a decade and have traveled with them to Ethiopia to see their work firsthand. I am honored to support the Bitcoin Water Trust, Hawke said. I think bitcoin has serious potential for nonprofit growth. I really want the foundation to flourish and help millions of people get clean water by 2025, the famous skateboarder added. What do you think of the initiative by the celebrity-focused charity Bitcoin Water Trust? Tell us what you think in the comments below.
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Bitcoin, Bitcoin (BTC), Bitcoin Water Trust, Bitcoin Water Initiative, BTC, charities, Charity Water, clean water, Gemini, Meltem Demirors, Mike Novogratz, clean water, Scott Harrison, Tony Hawk, Tony Hawk Bitcoin Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.A non-profit organization called The Water Project is now accepting donations in Bitcoin as a way for the organization to gain more funding and increase their charitable efforts. The organization helps provide clean water to people in developing countries, and The Water Project is looking to support Bitcoin as a way to make their donations more efficient. So far, their initiative has been received favorably by donors and has been used in around 20 countries around the world.. Read more about how to donate bitcoin and let us know what you think.
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