At the University of Georgia, three sophomores are putting their knowledge of bitcoin to good use.
Founder of CashToCrypo, Brandon Mintz, says his Athens-based company is holding a bitcoin fundraiser for families whose loved ones died while fighting fires. Mintz stated:
“This week we will be personally donating 50 percent of our profits, up to $5,000, to help the families of these fallen heroes.”
He added that the CEO of Expresscoin will match the amount of donations his company earns.
Mintz and his two friends, Conner Mckeeth and Harris Waqar began the company in January 2014. Their goal is to improve and simplify the state of bitcoin implementation. The bitcoin fundraiser is a way for the trio to give back to others.
At a first glance, the three men saw bitcoin as a very complex and hard to understand concept. The team felt bitcoins were hard to acquire, but knew that they’d have a more prominent role in the future. Now, they are going full steam ahead on the bitcoin train. Mintz says:
“This donation fund will be in the form of a bitcoin wallet and we will be accepting bitcoins only.”
He hopes that from the fundraiser, the families of the deceased firefighters can find some relief after suffering from such a tragedy. It will also spread the word of bitcoin in the process.
Mintz added that families receiving funds don’t have to accept the donations in bitcoin if they choose not to. Cash and checks are definitely possible. The wallet address for the bitcoin fundraiser can be found at BlockChain.info.
Bitcoin Fundraiser and Donation
Bitcoin donations are ways to help those in need while spreading bitcoin awareness to the people. Homeless shelters and food banks have already begun taking bitcoins in order to support their surrounding community.
Capital Area Food Bank is a charity that feeds over 48,000 people in the Washington area. Much like CashToCypo’s objective to donate money to families in need, the food bank feeds the hungry, all with the help of bitcoin.
Taking in bitcoin donations is risk free. Those taking in the bitcoins spend no money and if bitcoin’s price drops, no harm was really done to the organizations. A representative of the food bank, Joanna Linden says:
“We’re on the receiving end of Bitcoin and so therefore there’s no investment on our end, there’s no expenditure or overhead. 100% of all the donations come to us so we don’t have a real risk or liability in the process.”
Mintz and Linden’s causes can only benefit off of bitcoin donations. However, the true victory lies within bitcoin obtaining some much needed positive publicity.
For more bitcoin news, subscribe to CoinReport.