Save the Children introduces Bitcoin (BTC) fund… long-term holding strategy for virtual asset donations
JH Kim
Summary
- Save the Children said it has introduced a Bitcoin (BTC) fund and adopted a method of holding virtual asset donations for up to 4 years.
- It said this is notable in that, unlike many non-profit organizations that immediately convert virtual asset donations, it aims for potential value appreciation through a long-term holding strategy.
- It also said it plans to build payment·remittance infrastructure for delivering relief goods through pilot operation of digital wallets.
On the 11th (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), the international relief and development NGO Save the Children, which works to realize children's rights, has introduced a Bitcoin (BTC) fund and adopted a method of holding virtual asset donations for up to 4 years.
Unlike many non-profit organizations that, even when they receive virtual asset donations, convert them immediately, Save the Children plans to hold the donations long-term to seek potential value appreciation.
In addition, it plans to establish payment·remittance infrastructure that can deliver emergency relief goods more quickly in crisis situations through a pilot operation of digital wallets.
JH Kim
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