Safello Launches Free Bitcoin Fundraising Service for Charities

Swedish bitcoin exchange Safello has launched a new service for charities that lets them easily create free fundraising campaigns.

AccessTimeIconAug 18, 2014 at 12:11 p.m. UTC
Updated Dec 12, 2022 at 1:55 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Swedish bitcoin exchange Safello has launched a new service for charities that enables them to easily create free fundraising campaigns.

The exchange says the new pages offer a new way of donating money that allows charities to receive 100% of donated funds.

All donations show up in real-time in the transaction stream and the funding goal is updated automatically. Safello says the new service will enable small, local charities to create a global fundraising campaign in mere minutes.

Free fundraising tool

Safello charity page
Safello charity page

Frank Schuil, co-founder and CEO of Safello said the new donation pages demonstrate the power of bitcoin in a tangible way, as they allow people from all corners of the world to unite and fund various causes at virtually no cost.

Schuil explained:

"Our goal is to make bitcoin fundraising a fundamental source of income for these and other charities by connecting them to audiences they may otherwise not reach. The variety in campaigns [shows] how widely applicable this is and we hope to spark a wave of pages to introduce a new way of donating to the charities we all care about."

Charity experiment

Safello teamed up with three charities for the launch: LiveBuild, Shifo and the Lifeboat Foundation.

The Livebuild Ntisaw campaign aims to raise 25 BTC (almost $12,000 at the time of publication) for a local school in Cameroon. It will help the school fix its leaky roof and construct four additional classrooms, a library and new toilets.

Koen van Bremen, founder of LiveBuild, said he believes bitcoins will become an important method of payment in Africa in the future.

Shifo’s Every Child Countshttps://safello.com/donate/shifo campaign has a fundraising goal of 20 BTC, which will be used to vaccinate children in Uganda and help improve child health through systematic registration and vaccination follow-up.

“100% of funds raised [within the] bitcoin community will go to the cause, and for every bitcoin, Shifo will provide impact reports," said Shifo co-founder Nargis Rahimi.

The Lifeboat Foundation is also trying to raise 20 BTC, which will be used to provide bounties for developers who can come up with  fixes for bitcoin-related bugshttps://safello.com/donate/lifeboat.

Safello said the pages are an “experiment” to see how quickly the funding goals can be reached. The service is currently in beta, but interested parties can sign up for early access.

Charity image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.