By COLlive reporter
The future of giving.
A sleek new mobile app recently landed in Apple’s App Store and on Google Play promising to usher in the next generation of digital charitable giving.
BitDonate.com and its app make it significantly easier for modern donors to contribute to their favorite organization, institution and nonprofit using cryptocurrency, such as Bitcoin, Ethereum, Thether, Stellar and 15 other digital currencies.
Once a donation is made, BitDonate converts the cryptocurrency into the national currency that the charity is working with at the best possible rate. It then transfers the converted amount to the charity’s designated bank account.
The platform was founded 3 years ago by Feitel Levin, a New York investor and philanthropist and a group of blockchain technology experts based in Europe.
Currently, the first of its kind cryptocurrency donation platform, BitDonate integrates GuideStar’s largest database of nonprofits and causes from the United States.
A search brings up many Chabad centers and Jewish organizations around the world. Among them are Machne Israel Development Fund (Chabad Lubavitch HQ), Colel Chabad, Jewish Children’s Museum, Jewish Educational Media (JEM), Shluchim Office, Rohr Jewish Learning Institute (JLI), Zaka International Rescue and Recovery, Chabad on Campus International, Mayanot Institute, Aleph Institute and Jewish Educational Trade School (JETS).
Levin says BitDonate’s advantages of accepting donations in cryptocurrencies are transparency, cost minimization, access to a new and global pool of donors as well as good marketing and awareness opportunities.
BitDonate will help make fundraising more effective and will increase the number of donations by unlocking a monumental new donor class for nonprofit organizations, charities and causes, Levin says.
“Our platform has been developed to give the world a donation system that is fair, secure and transparent,” he said. “Organizations don’t have to open a ‘wallet’ and manage the income – we do that for them. They also avoid running the risk of having their information hacked and stolen.”
He said the new app was developed based on the feedback they received from numerous charities. The platform will also offer high levels of support in order to accommodate any problems that may arise.
The sign-up process for bona fide charities is easy and is free. Unlike credit card processing platforms, there is no monthly maintenance fee, but they percentage fee.
Thanks to the new mobile app, the upgraded system provides charities with detailed reports and tools to spread the word on social media.
To learn more, visit www.BitDonate.com