On Friday, the well-known non-profit organization charitywater.org announced the launch of a celebrity-funded Bitcoin Water Trust initiative. The trust will be able to hold donations for bitcoins to fund water projects around the world until 2025.
Charity Water launches bitcoin water trust
A number of messages were unveiled at the Bitcoin 2021 conference in Miami, and one message came from a global non-profit charity for safe drinking water. The organization’s charity is a non-profit organization that helps provide clean and safe drinking water to citizens living in developing countries. On June 4, the charity unveiled a celebrity-funded Bitcoin Water Trust initiative, which aims to use bitcoin (BTC) to bring about a “paradigm shift in the charity sector that embraces this digital asset.”
The charity said it received its first donation for bitcoin in 2014, and the leading crypto asset has grown more than 100 times since then. According to the announcement, Bitcoin Water Trust has opened a charity for celebrities and luminaries who would like to donate at least 1 BTC to the fund. The founders of the Gemini exchange plan to match the first 50 donated BTC.
The members of the Bitcoin Water Trust of the charity water, which are part of the “Founding 100”, include well-known people such as Meltem Demirors of Coinshares, Mike Novogratz of Galaxy Digital, Yoni Assia of Etoro, pro-skateboarder Tony Hawk and others.
“We believe in the generosity of this community and the potential of bitcoin and blockchain as a force for good in the world. We are encouraged by the tremendous support we have already seen for the Bitcoin Trust Initiative, “said Scott Harrison, founder and CEO of Charitable Water, he said in a statement. Harrison added:
By establishing this trust, we seek to use the transformational power of this digital technology for generations to have a lasting social impact and in the process provide a potential model for other charities working for it.
The legendary skateboarder believes that bitcoin has serious potential to positively affect charitable causes
Tony Hawk also talks about how he has supported charity water for many years and sees the group’s efforts first hand in Africa.
“I have proudly supported the charity mission for almost a decade and traveled with them to Ethiopia to see their work first hand. I’m honored to support the Bitcoin Water Trust, “said Hawk. “I believe that bitcoin has serious potential for charitable growth. “I’m looking forward to seeing the fund thrive by 2025, helping millions more get clean water,” the popular skateboarder added.
What do you think of the Bitcoin Water Trust’s celebrity-focused charity initiative? Tell us what you think about this in the comments section below.
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