United Way which envisions a world where all individuals and families achieve their human potential through education, income stability and healthy lives, has announced that it is going to accept Bitcoin in donations. The organization says that Bitcoin donation will support United Way Worldwide’s Innovation Fund.
According to an official communication with the press the decision to accept Bitcoin is going to transform United Way and the social sector through technology, relationships, and efficiency. Now, donors will have a 10 minute window in which to make their donation. The organization said that during this time, the Bitcoin value is locked in.
Deliberating the process, the official website says that after 10 minutes, donor’s Bitcoin order will expire. The organization says that all over the world, it is building stronger communities by improving education, financial stability and health. Creating real and lasting change that goes beyond charity, the organization is always looking for funding and Bitcoin can help it a lot in it.
The organization says that to carry out all the charity work, it needs support from people as without it achieving the shared vision for the world where all individuals and families have an opportunity to succeed requires innovation powered by new technology and new strategies for expanding worldwide movement.
To Fund its Operations, United Way Needs Money in Donation
The organization says that in 2008, it initiated a 10-year program designed to achieve some goals by 2018 and for that it needs to fund a lot of operations that it carries out. For instance, its goal is to improve education, and cut the number of high school dropouts 1.2 million students, every year in half.
Similarly, it wants to help people achieve financial stability, and get 1.9 million working families i.e. half the number of lower-income families who are financially unstable on the road to economic independence. Also, it is working to promote healthy lives, and increase by one-third the number of youth and adults who are healthy and avoid risky behaviors.
To fund all these activities, United Way needs a lot of fund. Adding Bitcoin in the donation list, the organization aims to make it possible for techno savvy people to pay without trouble and help it utilize its core strengths i.e. a national network, committed partners and public engagement capacity. With enough money at disposal, it can achieve the goals before 2018.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org