The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN.
The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover from the devastation wrought by the storm: Bitcoin.
Coinbase & Bitpay facilitate Bitcoin donations for Hurricane Dorian recovery
This has become possible after Lend a Hand Bahamas, a charity organization based on the Caribbean island nation, set up an account on crypto payment service Coinbase Commerce in the aftermath of Hurricane Dorian.
Looking for a way to help those affected by Hurricane Dorian? Lend a Hand Bahamas has set up a Coinbase Commerce account to easily accept crypto donations for relief efforts. Donate here:https://t.co/RelnGlc4L2
And learn more about Lend a Hand Bahamas: https://t.co/HR3RCLC77l
— Coinbase (@coinbase) September 4, 2019
According to Lend a Hand Bahamas, cryptocurrency donations will be specifically used to fund educational initiatives.
Track your crypto donation every step of the way
Though the Bahamian charity is using an intermediary to process the crypto donations, supporters believe blockchain technology could revolutionize the philanthropy sector.
With charities required to maintain the highest standards of transparency and accountability to retain the confidence of their benefactors, cryptocurrencies offer the perfect solution. This is because crypto donations can easily be recorded and tracked using the blockchain ledger.