Charity: water – a non-profit from New York that aims to bring clean and safe driving water to developing nations – is reportedly making Bitcoin (BTC) donations available, via a dedicated crypto fund.
Specifically, the rollout of the new fund – dubbed “Bitcoin Water Trust” – reportedly gives Charity:water the ability to host the receiving and holding of Bitcoin-enabled donations, to financially support water initiatives throughout the globe up to 2025.
Bitcoin will reportedly be the exclusive virtual coin selected to hold the fund’s asset, with the additional processes to be carried out by the water initiatives will be finalized using Bitcoin as well.
Scott Harrison – founder and current Head of Charity: water – reportedly revealed that the decision of the firm has been fueled by the overwhelming support towards the Bitcoin Trust Initiative.
“By establishing this trust, we aim to harness the transformational power of this generational digital technology to make a lasting social impact, and in the process to provide a potential model for other charities who are working to do the same.”
Charity: water has reportedly been successful in calling for donations from 100 visionaries, who have transferred a minimum of 1 BTC, to ultimately achieve the target of securing a minimum of 100 BTC.
The matching of the first 50 BTC in donations will reportedly be taken care of by crypto exchange Gemini’s owners – Tyler and Cameron Winklevoss.
Different big names across the crypto sphere are reportedly also included in the list of he fund’s members, nominally Mike Novogratz, Barry Silbert, Anthony Pompliano, Meltem Demirors, Cory Klipstein, Yoni Assia, Bill Miller, David Marcus and Ayesha Kiani.