Initiative launches to encourage more charities to accept Bitcoin

Four Dutch crypto enthusiasts have launched an initiative that both encourages people to donate their bitcoins, and charities not already accepting them to do so.

The Bitcoin Charity Battle was started by Niels van Hoorn, Sidney de Koning, Sidney Vollmer and Tessel Peijnenburg to raise awareness among charities for bitcoin. People are encouraged to donate Satoshis (one thousandth of a bitcoin) to a monthly Bitcoin Charity Battle that sees two charities without bitcoin integration go head to head. The charity with the most donations wins all bitcoin donated that month, while the organiser also helps both contestants with an integration, storage and management toolkit for bitcoin.

March’s charities battling it out are Evidence Action, and Against Malaria Foundation.

Donors send bitcoin to one of two receiving addresses. Each address corresponds to one charity, with all bitcoins received on that address viewable on the blockchain. At the end of the month, donations received per charity are added up. The winning charity receives all bitcoin donated that month to both addresses, minus an overhead fee of 10%.

The winning charity receives their monthly prize, financed by that 10%:

– A nano ledger

– All crypto donated that month

– An explanatory toolkit and workshop if needed on how to keep crypto safe, swop it for fiat, and how to make it part of the financial operation of a charity

– Code to embed a bitcoin donation button on any website

– The funds transferred to the charity’s new ledger wallet

The losing charity also receives a nano ledger, an explanatory toolkit and workshop if needed on how to keep crypto safe, swop it for fiat, and how to make it part of the financial operation of a charity, and code to embed a bitcoin donation button on any website.

100,000 Satoshis are worth approximately US$10.