Save the Children’s new Bitcoin Fund seeks to maximize donation value with up to four-year holding strategy

Save the Children has launched a novel Bitcoin Fund, developed in partnership with Fortris, to strategically manage and deploy bitcoin donations during crises. This fund allows the organization to securely hold donated bitcoin for up to four years, aiming to maximize the value of contributions before deployment. Furthermore, it will serve as a platform to test and scale the use of bitcoin, stablecoins, and digital wallets for delivering cash and voucher assistance more quickly, transparently, and cost-effectively. This initiative builds upon Save the Children's history with digital assets, dating back to 2013, and responds to donor feedback requesting flexibility in when to convert crypto holdings for maximum impact. The organization intends to integrate blockchain technology's speed and cost-efficiency into its emergency response and development programs globally, while also exploring community-based tools for financial inclusion.

(Source：The Block)