Thai government’s rejection of Bitcoin in the country was sad news for all Bitcoin supporters; however, now they have good news that BitGive and Songs of Love, the two charity organizations have started accepting funds or donations in Bitcoin. BitGive announced that it will filter Bitcoin donations through to a variety of causes.
Answering the question when she first got the idea for the BitGive Foundation and what inspired her to create it, Connie Gallippi, founder of the BitGive Foundation says, “The idea came when I attended the Bitcoin Conference in San Jose this past May. Being in that space with tons of energy, brilliant people, and interested investors, I saw tremendous potential for Bitcoin to lead to significant financial gains across the board.”
She further said that her background is in nonprofits so she naturally wanted to find a way to capture some of the potential of Bitcoin for charitable causes. Regarding the process for individual customers who wish to donate in Bitcoin, she says that the website has a donation button which donors can use; their donations automatically reach the organization’s account.
Experienced Professionals On Board
BitGive has ‘Board of Directors’ who have all been contributing to Bitcoin’s causes. The team of directors includes Stephen Pair co-founder and CTO of BitPay, Inc.; Patrick Murck, legal counsel at the Bitcoin Foundation; and Madeline Finch. The organization has also got support from Tony Gallippi, co-founder and CEO of BitPay, Inc.
BitGive will be getting legal expertise from Lorri Dunsmore, Jacob Farber, and Jane Frissell who work at Perkins Coie, LLP. In fact, the organization also applied for its 501c status. Connie Gallippi, the sister of BitPay founder Tony Gallippi has more than a decade’s experience in the non-profit sector and eager to contribute to the new organization.
A Lot of Potential in The Work
Talking about the work, Connie Gallippi opined that the new organization has a lot of potential in the long-term. She expects that Bitcoin will open floodgates of donations as it becomes a mainstream currency. With more funds, her organization will be able to get a lot of capital that can then be used for charities.
She also expects that the ever-growing community will provide the much needed donations. To her a lot of funds are already coming on the way from investors and businesses which are getting higher profits from Bitcoin.
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