After the frantic spending hype of Black Friday and Cyber Monday, Giving Tuesday is a welcome palate-cleanser. And just as we did on those first two days, the Bitcoin community is holding its own event: Bitcoin Giving Tuesday — a project organized by Bitcoin Black Friday, the BitGive Foundation and the Bitcoin Foundation.
The number of charities accepting bitcoin donations is on the rise. It’s one more way that they are able to engage with a set of committed donors while reducing their overhead costs. Donated bitcoin can be recorded as a non-cash gift and then exchanged for fiat, without the high transaction costs normally associated with credit card payments.
Bitcoin donations also have the capacity to reach farther around the world. Many remote territories, especially in the developing world, do not have access to the infrastructure needed to run credit card or PayPay systems. But they can accept bitcoin.
Now that the start of holiday gift shopping has officially begun, this is the day that we’re encouraged to think about giving a gift to a worthy cause. The bitcoin community has often expressed the desire to change the world for the better. Bitcoin Giving Tuesday is another way that we can do this.
For a list of organizations that accept bitcoin, visit bitcoingivingtuesday.org. You can also donate directly through the website: 100% of all donations will go to the non-profit of your choosing.