The technology underlying cryptocurrencies is gradually entering the charitable sector, providing ever-increasing transparency and trust in the industry, especially given the decline in people's trust in charitable organizations, where the public is increasingly concerned about how charities spend their money.
Today we’ll talk about the Water Project charity, what it does and how it helps African people cope with the problems of lack of clean water, as well as donations in cryptocurrency and how they are beneficial.
Water Project charitable organization
Water Project is one of the first charitable organizations accepting crypto-payments. All funds transferred to its account are used to provide clean and safe water for the people of Africa.
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"Present clean, safe water in a whole new way." – Water Project.
This charitable organization addresses the basic needs of communities in Africa. Access to clean and safe water is a serious problem in the region, especially in schools. Meeting these needs, the Water Project has become world famous over the past few years.
"The water crisis is real. This affects women, children, families and farmers. Women and girls in sub-Saharan Africa spend many hours a day collecting dirty water, which leads to disease and destroys entire communities of their future".
"By supporting The Water Project, you help deliver clean water through new and restored wells, sand dams, and rainwater collection systems for schools, medical clinics, and villages."
Cryptocurrency Donations for Water Project
The company was one of the first to use cryptocurrency and achieved significant success.
The Water Project accepts donations in cryptocurrencies: Bitcoin, Ethereum, Litecoin. Accepting cryptocurrency payments also allows anonymous donations, since not everyone wants to be in the spotlight when doing good.
Payment is made through the organization’s website, using your personal page you can track the entire process, and after that you will receive a confirmation of successful payment.
Why you should choose cryptocurrency donations
The industry in which cryptocurrencies are constantly changing is the industry of donations and assistance. Cryptocurrencies have opened up a completely new way to raise funds for associations and nonprofits.
There are many potential benefits of donating and accepting donations in cryptocurrencies, especially for non-profit and charitable organizations:
- Tax cuts
- More global availability
- Much more transparency
- Much faster than fiat transfers
- Donations have the potential to increase in value over time.
Editor: Yuliya Soroka