Save The Children México and Wild Tomorrow Fund, BitGive’s partner NGOs, launch emergency relief campaigns utilizing new wallet benefits
We are excited to announce our integration with BitGo, the leader in digital asset financial services. BitGo’s wallet technology will integrate directly with BitGive’s donation tracking platform, GiveTrack, as it launches two new NGO partner campaigns, Save The Children México and Wild Tomorrow Fund. For the first time campaigns will be supported by a hosted wallet solution that includes multi-signature security, multi-user policy controls, and advanced security configurations that conform to the most rigorous industry standards.
As most of BitGive’s nonprofit partners are exploring blockchain and cryptocurrencies for the first time, providing a seamless and easy-to-follow on-boarding experience is imperative. With the integration of BitGo’s wallet solution, GiveTrack will provide NGO partners with flexible wallet configurations and BitGo’s pioneering multi-signature security. BitGo’s hot wallet set-up provides multiple keys to protect against single machine compromise or single key loss. Additionally, BitGo stores a co-signing key for added security. NGO partners can now create individual wallets for each charitable campaign launched, equipping them with total control and visibility of donations in real time, directly from BitGive’s GiveTrack platform.
“Making donations in cryptocurrency is still a very nascent concept. Therefore, it can be challenging, especially for institutions and philanthropies, to overcome regulatory hurdles and find the proper resources. We know NGOs want to work with trusted partners that offer flexible and user-friendly solutions,” said Connie Gallippi, Founder and Executive Director of BitGive. “BitGo accommodates our global partners because its wallet is designed for the level of security and scalability NGOs depend on.”
Save the Children Mexico and registered wildlife conservation charity, Wild Tomorrow Fund, are BitGive’s first NGO partners to benefit from the BitGo wallet integration. Launching its COVID-19 relief campaign on GiveTrack today, Save The Children Mexico aims to supply its country’s most vulnerable children and families with nutritional meals and hygiene kits. Wild Tomorrow Fund simultaneously launches its emergency hunger relief campaign with BitGive to combat poverty in rural communities of South Africa. Most families in the region depend on wildlife tourism to make ends meet and due to COVID-19 severely hindering the industry, Wild Tomorrow Fund intends to sustain more than 100 families with much-needed food parcels.
BitGive guides every nonprofit partner through step-by-step instructions on how to establish their own BitGo account and wallet, and provides them with information about password management and overall upkeep. Additional support from the BitGive team is offered to comprehensively assimilate beginners and minimize crypto adoption barriers.
“BitGo is very impressed with the work that BitGive and its NGO partners are doing to elevate cryptocurrency fundraising opportunities and charitable giving to important global causes,” said Mike Belshe, CEO, BitGo. “We are eager to do our part to support these non-profit organizations by providing the appropriate technology, security and scalability needed to accept cryptocurrency as donations.”
Through BitGive’s donation tracking platform, GiveTrack, donors have full transparency of their donations and choose between contributing in many global currencies or cryptocurrencies, including BTC, ETH, Litecoin, Dash, among other major ERC-20 tokens. The platform tracks how funds are spent, and also provides donors with direct evidence-based reporting. Campaign milestones are consistently shared on the public GiveTrack platform, including details on fund implementation and impact. Most recently, BitGive raised more than $14,500 for frontline workers and medical professionals in its COVID-19 Emergency Relief Fund.