Bitcoin’s social and philanthropic use cases have emerged as arguably one of the most powerful arguments for the fast-growing but still fledgling digital currency and technology.
This year, the bitcoin community is seeking to highlight this aspect of the cryptocurrency with Bitcoin Giving Tuesday, which takes place today.
BitGive founder and executive director Connie Gallippi said the announcement is a soft launch for what she hopes will become an annual event.
Gallippi told CoinDesk:
Bitcoin-accepting non-profits like Save the Children, American Red Cross, Greenpeace, UnitedWay and the Water Project, among others, are all involved in the initiative and will accept donations in bitcoin through the Bitcoin Giving Tuesday website.
A larger community
In August, BitGive became the first nonprofit bitcoin organization to achieve 501(c)(3) status, making it officially recognized by the Internal Revenue Service (IRS) as a tax-exempt charitable organization in the US.
Gallippi said BitGive aims to raise awareness of the benefits of bitcoin to nonprofit work with reduced fees and transaction costs, welcome new charities into the bitcoin community and promote the work of nonprofit organizations.
The Bitcoin Giving Tuesday website states:
Tipping service ChangeTip is also promoting Bitcoin Giving Tuesday as part of its #TippingTuesday campaign which seeks to engage users tipping in bitcoin on a number of social media avenues including GitHub, Reddit and Twitter.
Tipping has always been a point of interest for those in the bitcoin community, as it may hold the potential to drive broader bitcoin adoption and encourage micropayments, thereby breaking down barriers in developing countries.
However, the community has only recently begun to see signs of increased tipping activity among users.
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