Every year the number of organizations that are engaged in charity for the benefit of humanity is growing around the world, and as many non-profit organizations already know, accepting donations in Bitcoins is an excellent strategy. For example, the Wikimedia Foundation received more than $ 100,000 in donations in Bitcoins in just the first week after adopting a cryptocurrency.
By accepting Bitcoins, you get a zero risk of returning funds to non-profit organizations, and donations are quick and easy. In this regard, the American Red Cross began working with the leading Bitcoin BitPay payment solution provider to transfer digital currency donations.
In this article we will talk about the leading provider of payment solutions, Bitcoin BitPay, about the country's largest non-profit humanitarian organization, the American Red Cross, and their cooperation.
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BitPay payment company
As you know, BitPay is the largest processing company for payments in Bitcoins, thanks to which customers can make purchases with BTC.
The company offers merchants to exchange client payments from Bitcoin for dollars or euros, and also has established partnerships with a large number of major merchants, such as Stream, Microsoft, International Airlines and large payment companies.
In November 2014, BitPay announced that it would support the American Red Cross, receiving donations through digital currency. BitPay processes donations in Bitcoins without any commissions, which allows the American Red Cross to receive 100% of the funds received via the BitPay special web page.
By accepting Bitcoin donations through BitPay, charities can expand their donor base while still being protected from the price volatility that can occur with Bitcoin transactions. The client makes a donation at BTC, and BitPay checks the funds and accepts the coin on behalf of the organization.
American Red Cross (ARC)
The American Red Cross is the largest non-profit humanitarian organization in the country, founded in 1881 by Clara Barton to assist in the event of natural disasters, emergencies and assistance during war.
For decades, tens of thousands of volunteers helped carry out their noble mission by providing resources to military families, helping victims of natural disasters, managing blood banks and working to save lives and alleviate human suffering. Countless American citizens have opened their wallets to support the good work of the Red Cross and its mission: "to assist victims of natural disasters and help people prevent, prepare and respond to emergencies."
A unique tool of the federal government, the Red Cross receives tax dollars, tax donations and other benefits to fulfill its mission and serve the public good.
The American Red Cross must effectively manage its resources in order to successfully fulfill its mission and maintain public trust.
How to contribute
Payment can be made from the Red Cross site, BitPay site or mobile app.
To make a payment, donors need to go through just a few steps to pay a BitPay account. The process is simple, while your supporter’s funds remain safe.
- BitPay displays invoices for payment.
- Payment is made at a fixed exchange rate.
- BitPay converts payment to your local currency.
- BitPay initiates bank transactions on the next business day.
Partnership of companies
BitPay and ARC are optimistic about this partnership.
"The presentation of the American Red Cross to the Bitcoin community truly demonstrates the generosity of this consumer group", said Elizabeth Ploshay, who heads up the non-profit BitPay company.
"The Red Cross is very pleased to work with BitPay, this is another opportunity for donors to support our humanitarian mission", said Jennifer Niyangoda, executive director of corporate and stock programs of the American Red Cross.
"It gives the new generation of cryptocurrency supporters the opportunity to help those in need."
Editor: Yuliya Soroka