Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
There is good news for those in the Bitcoin community who wish to help the refugees coming to Europe.
Cubits, the German Bitcoin exchange and wallet provider, has now started accepting Bitcoin donations on behalf of leading charity organisations.
The exchange has also vowed that every donated Satoshi will directly and swiftly reach those who need them.
The information on the website of Cubits also stressed in unequivocal terms that “this was an effort to mobilize the Bitcoin community for donations in the light of the acute refugee emergency situation across Europe.”
For this effort, Cubits has joined hands with several leading charities that are experienced enough to deal with refugees. The charities that are accepting donation are listed as under:
The exchange also said that these charities are “free to expand their audience with the project and that too completely free of charge or transaction fees.”
Cubits also said that once a Bitcoin donation is received, it is processed, and then given to these charities directly.
To get started, all that a person needs to do is:
- First, select a charity, and scan the QR code or copy the Bitcoin address displayed, to send the Bitcoin donation.
- Then it is the turn of the Cubits, which begins to manage the payment process from receipt of Bitcoin to payout.
- Later charities receive all the donations in an arbitrary currency which they are free to utilize in any manner to aid the refugees.
The move is certainly great and highlights the strength of the digital currency in the face of one of the biggest humanitarian crisis that Europe has ever seen.
The virtual currency had also emerged as a savior when last month a powerful earthquake and tsunami brought destruction in Chile.
At that time, it was SurBTC, which is also Chile’s first fully fledged Bitcoin exchange, that has started an initiative to collect the Bitcoin with the aim to help the survivors.
