Crypto software development program KryptoPal will work with Swiss NGO help2kids to provide software for accepting cryptocurrency donations, according to a press release shared with Cointelegraph Tuesday, June 26.
KryptoPal will set up a public key and go through Know Your Customer KYC guidelines and background checks for each help2kids project. The year-long pilot program for crypto donations with help2kids will allow all funds to be traceable, allowing donors to track their donations “until the actual usage of the funds on site in Africa.”
The press release notes that the eventual goal is to expand the pilot to Asia and South Africa.
Frank Hakenjos, the president and founder of help2kids, said that accepting crypto donations could allow them to:
“[Reduce] our overhead costs by 10 percent, which allows us to send 90 percent of our donations to the children in need.”
Cryptocurrency donations are available for a variety of charities across the globe. UNICEF Australia offered visitors to its website the option to mine crypto as a donation with their computer’s processing power, and the Pineapple Fund, a Bitcoin (BTC) only charity, announced in May that it had finished giving away its fund of 5,104 BTC to various charities.