The organization is turning to bitcoin and digital assets to overcome delays in traditional banking channels during crises.

Save the Children has announced the launch of a dedicated Bitcoin fund, aimed at speeding up the distribution of humanitarian aid during global emergencies. The fund represents a strategic solution to bypass the inefficiencies of the traditional banking system, which can be particularly critical during natural disasters and armed conflicts.

Developed in collaboration with Fortris, a digital asset specialist, the initiative allows the nonprofit to receive and hold donations in bitcoin, stablecoins, and other cryptocurrencies for up to four years. This flexibility enables donors to choose the optimal time to convert into fiat currency, potentially maximizing the impact of their contributions.

“Many nonprofits accept Bitcoin today, but few hold these donations or leverage the asset’s underlying peer-to-peer technology in their operations,” Antonia Roupell, Save the Children’s innovation and partnerships lead, said. “Our Bitcoin donors asked for the flexibility to choose when to convert to maximize the impact of their generosity, and this fund delivers exactly that.”

...read more at atlas21.com