The Royal National Lifeboat Institution Becomes the First Charity to Accept Bitcoin Donations

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Bitcoin Donations Charity

The Royal National Lifeboat Institution or RNLI has announced that it is going to accept Bitcoin in donations from people to run its operations. Thus, it has become the first charity organization in the country to accept Bitcoin in fundraising. Though visiting the website of the organization, readers don’t see the popular logo of Bitcoin; it is likely that the company will install it soon.

At the occasion of the decision to accept Bitcoin in donations, Luke Williams of the RNLI said that the idea came from research into future trends and changes that may impact on the RNLI, and according to him while researching; the organization became aware that using Bitcoin could expose the RNLI to new audiences.

There are a few organizations that accept Bitcoin and work towards the welfare of homeless and needy people. One such organization is Sean’s Outpost. Also, there is the Chicago-based Lifeboat Foundation, a scientific foundation entirely unrelated to boats or RNLI, appears to be the first nonprofit to have a Bitcoin endowment fund.

Similarly, there is BitGive, a Sacramento-based non-profit. ForexMinute reported about this organization and how it is going to operate entirely on Bitcoin funding from donors. Currently, BitGive is raising money in Bitcoin for US tornado relief, for Typhoon Haiyan Children’s Relief Fund in the Philippines.

Bitcoin Donations to Help the Organization Run its Operations Well

The widely reported ‘Water Project’, which seeks to deliver clean and safe water in Africa and the developing world is another important project that BitGive is working on. It has received a lot of donations from Bitcoiners from around the world who are willing to cooperate with it to provide safe drinking water to Africa and other developing nations.

RNLI which provides, on call, a 24-hour lifeboat search and rescue service around the UK and Ireland, and a seasonal lifeguard service are going to use the donated Bitcoins to fund its operations and provide better and competitive services. It needs lifeboats, lifeguards, safety advice and flood rescue, etc. and for that funds are always in need.

The organization hopes that with 92% of its total income coming from generous donations and legacies, people will understand and donate Bitcoin to help it run purposefully. The organization says that Bitcoin donations mean its lifeboat crews can reunite the 22 people they rescue each day with their families.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com