International charity organizations often have serious funding problems, as the transactions are accompanied by large commissions, so sometimes the donation can cost twice as much and the organization does not receive enough money from the donor. This problem is becoming global. Many donation platforms and charities have trouble getting the money they need most because there is no way to speed up the process or reduce the extra costs.
Of course, those who are most at risk cannot receive donations directly, because these are either socially disadvantaged families, victims of violence who are cared for away from the perpetrator, but also for other categories of vulnerable citizens. Many of them do not even have a transaction account, nor are they able to access a computer. Therefore, donations are usually made through a non-profit organization that works for the good of these people.
There are many examples in the world of organizations that successfully apply the concept of blockchain and cryptocurrencies so that they can donate money faster to vulnerable groups, and even to pets and various types of protection rights. If you are interested, you can check on oschain.io to see how are they doing all these chain things in reality.
You may already know this, but it’s always good to repeat:
Blockchain is a technology for transmitting data and distributing digital information. Every data transmitted through this network has an original owner and recipient. There is nothing in between, neither the bank nor the government. Digital information, including cryptocurrencies, is transmitted through computer systems from one user to another. It is mostly used for digital transactions, in that the money is received practically immediately.
Charities are always urgent. People who are sick do not have much time to wait, and neither do the victims of violence or any endangered groups of citizens. Neither nature nor the wildlife around us has time to wait. Neither abandoned pets nor the organizations that protect them have time. Financial resources are needed at all times so that everyone can fulfill their mission and vision.
That is why cryptocurrencies and all their means of transmission need to be accepted as much as possible around the world, because it means that someone from one end of the world, if he wants, can help someone else from the other end, without having to wait for days. for the transaction to be completed. Fundraisers have been a good step in overcoming the differences, but very often the payment comes with a lot of extra costs, with some of the donations being spent to help maintain the funding service.
Blockchain brings a lot of positive things to all parties involved in the charity.
Whenever you see a case that makes you sad, you usually feel even worse because you have no way to send at least some money. But with the help of blockchain and cryptocurrencies, all this can be changed very easily. The transaction will be completed immediately, and you will be sure that the money has arrived where it is most needed, without having to answer stupid verification questions. At the same time, you can be sure that all costs will be covered transparently. There are no people who keep some of the money for themselves, for personal purposes. Charities are usually self-funded or they completely depend on the donations. Unfortunately, there are many organizations for which the mission has proved to be only a personal benefit, without being affected by the endangered.
But in this way you choose where you give your trust and thus make sure that the money has reached where it was really needed.
For those who use the donation
It often happens that non-profit organizations are victims of various types of fraud. Great care is needed on their part as well because when they are deceived, a person who needs help loses a lot. When a case is urgent, the speed with which funds will be raised is crucial. It can be a sick person, a region that has been hit by a natural disaster, a family that has lost its home, an abandoned pet that would not survive without proper care, and even regions that have already begun to lose their beauty due to neglect.
Very often, charities are victims of the uncertainty they have due to the inflow of funds. Keep in mind that they support themselves thanks to these donations, and their commitment to those in need is almost entirely voluntary.
The importance of accepting cryptocurrencies and blockchains in these organizations
Technology has made many things possible, even though it seemed to us that such a thing would never happen. Fast and instant money transactions are just one of the benefits we have thanks to them.
Cryptocurrencies open a whole new chapter in how to finance charities and fundraisers. As we already know, the biggest cryptocurrency is Bitcoin, but in principle, everyone is decentralized and does not depend on financial institutions. This means that in the whole process, only the donor and the organization receiving the money are affected (and then distribute it appropriately to those who use their help).
The philanthropy scandals are numerous, but no one can confirm what really happened. However, it still contributes to ordinary people and companies that are potential donors to be skeptical about trust in these organizations. Many people refuse to donate anything because they do not believe in good intentions. We must not be angry with them for that, because we ourselves have witnessed many frauds throughout history.
But blockchain can somehow prevent such scams. Each transaction remains recorded and sealed in the block, so there are no ways to cancel or manipulate it.
Technologies are about accepting and applying the best we can, in a fair way, without harming anyone with our activities. Donor actions are not a joke, because someone in the world depends on that help. So it’s good that everyone is becoming more open to the use of cryptocurrencies and for such purposes, in order to make sure that the money really ends up where it is most needed.