Save the Children launches new fund to manage Bitcoin donations…"Held for up to 4 years"

Save the Children (Save the Children) has officially launched a 'Bitcoin Fund' that holds donations received in Bitcoin (BTC) for up to 4 years. Through this, it aims to maximize the value of donations and experiment with a new blockchain-based support model.

On the 12th (Korean time), according to virtual asset (cryptocurrency) specialized media The Block, Save the Children will operate a fund that safely holds and manages Bitcoin donations in cooperation with digital asset specialist Fortris. The fund aims to maximize the value of donated Bitcoins by holding them for up to four years.

In addition, Save the Children plans to use the fund to test cash and voucher support models using Bitcoin, stablecoins (virtual assets pegged to fiat currencies), and digital wallets, and to explore ways to deliver donations to beneficiaries more quickly, transparently, and at lower cost.

Save the Children is an international non-governmental organization (NGO) that first accepted Bitcoin donations in 2013, and has carried out child support activities through digital assets in places such as Ukraine, Gaza, and Sudan.

Janti Soeripto, president of Save the Children USA, said, "When traditional foreign aid faces difficulties, innovative solutions are needed," and added, "By integrating blockchain-based tools into our emergency response and global programs, we will be able to provide faster and more efficient assistance to children in crisis."

Additionally, Save the Children plans to collaborate with Bitcoin application developers to support community-based tools and digital financial education for households that cannot access traditional financial services.