{"id":141525,"date":"2020-08-10T17:00:57","date_gmt":"2020-08-10T16:00:57","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=141525"},"modified":"2026-04-17T10:27:21","modified_gmt":"2026-04-17T09:27:21","slug":"this-american-firm-will-custody-bitcoin-donations-for-ngos-battling-covid","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/this-american-firm-will-custody-bitcoin-donations-for-ngos-battling-covid\/","title":{"rendered":"This American firm will custody Bitcoin donations for NGOs battling COVID"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> nonprofit partnered with American custodian and security firm BitGo the past week to bring custody services to crypto donations, according to a release shared with CryptoSlate.<\/span><\/p>\n<h2><b>Hot wallets for Bitcoin donations<\/b><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.bitgivefoundation.org\/\">BitGive<\/a>, a cryptocurrency-based philanthropy firm and non-profit, integrated its platform via API with <a href=\"https:\/\/cryptoslate.com\/companies\/bitgo\/\">BitGo<\/a>, a Californian firm providing hot wallet services and insurance against theft.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BitGo\u2019s wallet technology will integrate directly with BitGive\u2019s donation tracking platform, GiveTrack, as it launches two new NGO partner campaigns, Save The Children M\u00e9xico and Wild Tomorrow Fund, the release said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/BitGiveOrg?ref_src=twsrc%5Etfw\">@BitGiveOrg<\/a> joins <a href=\"https:\/\/twitter.com\/SaveChildrenMx?ref_src=twsrc%5Etfw\">@SaveChildrenMx<\/a>&#39;s Humanitarian Response strategy, to serve and protect children and families vulnerable to the COVID-19 pandemic. <\/p>\n<p>\u2764\ufe0fHelp provide at-risk families in Mexico with hygiene & food kits to combat COVID-19: <a href=\"https:\/\/t.co\/V49uL7hreG\">https:\/\/t.co\/V49uL7hreG<\/a> <a href=\"https:\/\/t.co\/l2w6Nqgve4\">pic.twitter.com\/l2w6Nqgve4<\/a><\/p>\n<p>&mdash; BitGive\u00ae (acquired by Heifer) (@BitGiveOrg) <a href=\"https:\/\/twitter.com\/BitGiveOrg\/status\/1291826929755095042?ref_src=twsrc%5Etfw\">August 7, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The two campaigns will be supported by a hosted wallet solution that includes multi-signature security, multi-user policy controls, and advanced security configurations that conform to the most rigorous industry standards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It comes as BitGive\u2019s nonprofit partners are exploring blockchain and cryptocurrencies for the first time, providing a seamless and easy-to-follow onboarding experience is imperative, the release said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NGO partners can now create individual Bitcoin, and crypto, wallets for each charitable campaign launched, equipping them with total control and visibility of donations in real-time, directly from BitGive\u2019s GiveTrack platform, the release added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Connie Gallippi, founder and executive director of BitGive, said of the integration:<\/span><\/p>\n<blockquote><p><b>\u201cMaking donations in cryptocurrency is still a very nascent concept. Therefore, it can be challenging, especially for institutions and philanthropies, to overcome regulatory hurdles and find the proper resources.\u201d<\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">She added that NGOs work with \u201ctrusted partners that offer flexible and user-friendly solutions\u201d<\/span><\/p>\n<h2><b>COVID-affected regions to benefit<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Two beneficiaries of the partnership are Save the Children Mexico and Wild Tomorrow Fund. The former launched its <a href=\"https:\/\/cryptoslate.com\/coronavirus\/\">COVID-19 relief campaign<\/a> on GiveTrack last week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Save The Children Mexico will supply nutritional meals and hygiene kits in areas of need. Meanwhile, Wild Tomorrow Fund simultaneously launches its emergency hunger relief campaign with BitGive to combat poverty in rural communities of South Africa, the release said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Using <a href=\"https:\/\/twitter.com\/BitGiveOrg?ref_src=twsrc%5Etfw\">@BitGiveOrg<\/a>\u2019s online <a href=\"https:\/\/twitter.com\/hashtag\/GiveTrack?src=hash&ref_src=twsrc%5Etfw\">#GiveTrack<\/a> platform, you can donate directly to vulnerable communities in rural KwaZulu-Natal South Africa, where <a href=\"https:\/\/twitter.com\/wildtomorrow?ref_src=twsrc%5Etfw\">@wildtomorrow<\/a>\u2019s wildlife reserves are located. <\/p>\n<p>\u2139\ufe0fDonate now in response to emergency COVID-19 <a href=\"https:\/\/twitter.com\/hashtag\/hungerrelief?src=hash&ref_src=twsrc%5Etfw\">#hungerrelief<\/a>: <a href=\"https:\/\/t.co\/CbV5Ibnt1J\">https:\/\/t.co\/CbV5Ibnt1J<\/a> <a href=\"https:\/\/t.co\/S68VTPqTE0\">pic.twitter.com\/S68VTPqTE0<\/a><\/p>\n<p>&mdash; BitGive\u00ae (acquired by Heifer) (@BitGiveOrg) <a href=\"https:\/\/twitter.com\/BitGiveOrg\/status\/1291849123340128256?ref_src=twsrc%5Etfw\">August 7, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">All partners are provided with an instructional page on setting up their own BitGo account and wallet, including information on password management and overall upkeep. Additional support from the BitGive team is offered to comprehensively assimilate beginners and minimize crypto adoption barriers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GiveTrack also allows donors to have full transparency of their donations and choose their choice of contribution from a basket of cryptocurrencies, including Bitcoin, Ethereum, <a href=\"https:\/\/cryptoslate.com\/news\/litecoin\/\">Litecoin<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/dash\/\">Dash<\/a>, and other major ERC-20 tokens.<\/span><\/p>\n<h2><b>A chance for crypto<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">One of the most massive, and perhaps understated, benefits of using Bitcoin and other cryptocurrencies is the stateless transactional value. But custody remains troublesome. Cryptocurrencies remain at the mercy of protecting one\u2019s keys to prevent loss of funds, but not every person\/entity is equipped enough in this regard.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While creates a moot point, trusted custodians help in the regard, protecting cryptocurrencies to allow firms to spend resources on their business instead of key protection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Times like a global pandemic \u2014 the ongoing coronavirus \u2014 serve a chance for the industry to shine and present a battle-test for the <\/span><i><span style=\"font-weight: 400;\">borderless<\/span><\/i><span style=\"font-weight: 400;\"> narrative.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin nonprofit partnered with American custodian and security firm BitGo the past week to bring custody services to crypto donations, according to a release shared with CryptoSlate. Hot wallets for Bitcoin donations BitGive, a cryptocurrency-based philanthropy firm and non-profit, integrated its platform via API with BitGo, a Californian firm providing hot wallet services and [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":134030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,61714],"tags":[60786],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This American firm will custody Bitcoin donations for NGOs battling COVID<\/title>\n<meta name=\"description\" content=\"A Bitcoin nonprofit partnered with American custodian and security firm BitGo the past week to bring custody services to crypto donations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/this-american-firm-will-custody-bitcoin-donations-for-ngos-battling-covid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This American firm will custody Bitcoin donations for NGOs battling COVID\" \/>\n<meta property=\"og:description\" content=\"A Bitcoin nonprofit partnered with American custodian and security firm BitGo the past week to bring custody services to crypto donations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/this-american-firm-will-custody-bitcoin-donations-for-ngos-battling-covid\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-10T16:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T09:27:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2020\/05\/bitcoin-covid.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/this-american-firm-will-custody-bitcoin-donations-for-ngos-battling-covid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/this-american-firm-will-custody-bitcoin-donations-for-ngos-battling-covid\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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