Save the Children Strengthens Crisis Response with Bitcoin Fund

New Bitcoin Fund Accelerates Aid Processes

Save the Children has launched a Bitcoin Fund to make aid processes more effective during crises. This new initiative provides donors with the opportunity to hold cryptocurrencies for four years, offering greater control over the timing of conversions.

In a different approach, this fund aims to speed up aid deliveries and increase efficiency by leveraging blockchain technology. It is also considered a pilot application to experiment with direct forms of aid.

This initiative has the potential to bring about significant change in the humanitarian aid sector. The growing interest in decentralized finance is seen as an important step towards reducing costs and increasing transparency.