Save the Children is significantly expanding its use of digital assets by launching a specialized Bitcoin-focused humanitarian fund. This initiative is one of the most ambitious crypto projects undertaken by a major global charity.
Key Strategy and Takeaways
- Long-Term Holding: Unlike standard practice, the charity will not convert donated Bitcoin (BTC) immediately into fiat currency. Instead, it will pool the BTC and hold it for up to four years, aiming to maximize the impact of donations by capitalizing on potential long-term price appreciation.
- Fund Management: The charity has partnered with the digital-asset platform Fortris to securely manage the custody and technical operations of the new fund.
- Future Aid Innovation: The fund serves as a platform to redesign aid delivery. Future pilot programs will explore distributing humanitarian assistance directly using Bitcoin, stablecoins, and digital wallets.
- Efficiency and Transparency: This shift is expected to reduce intermediaries, cut delays, and enable the faster delivery of emergency cash to families in need, particularly in crisis zones where traditional banking is unreliable. Blockchain technology is also anticipated to offer improved transparency.
- Return to Roots: Save the Children has historical involvement with crypto, having been the first international NGO to accept BTC donations back in 2013.
Save the Children USA President Janti Soeripto emphasized that as global emergencies increase and traditional funding sources are strained, the organization must adopt innovative tools. She stated that integrating blockchain into operations will help the charity deliver support to children with greater speed and efficiency.
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