Bitcoin Companies to Support Charities With The Bitcoin Cup

Jayanand Sagar | June 13, 2014 | 10:20 am

Bitcoin Companies to Support Charities With The Bitcoin Cup

Jayanand Sagar | June 13, 2014 | 10:20 am

Ten companies are coming together to sponsor something called the 2014 Bitcoin Donation Cup, a community donation program that allows football fans (we’re talking soccer here, for our US visitors) to donate bitcoin to a participating charity of their choosing.

Sponsoring companies for The Bitcoin Cup include the BitGive Foundation, BitPay (both US-based); Mercado Bitcoin (Brazil); Altis, MexBT, and Bitso (Mexico); and Colombia Bitcoin Foundation along with the Fundacion Bitcoin de Argentina.

From today’s announcement:

By scanning QR codes on signs held by fans watching the games in Brasil, Mexico, Argentina, Chile, Colombia, and the United States, donors have the chance to give bitcoin to help both fans and charities. Thirty percent of the donation goes towards supporting the fans holding the QR codes with a meal, game tickets, or lodging. The remaining 70% goes directly towards a participating charity of choice.

Thanks to bitcoin’s transparent nature and open block chain, donors have the ability to track their donations in real-time for the duration of the Cup.

“It’s amazing to see bitcoin users around the world support not only our cause but many other charities,” says Connie Gallippi, Founder and Executive Director of the BitGive Foundation.

Donations will be made via BitPay, which is well-known for offering free payments processing for charities and other non-profit organizations.

“This is a great opportunity for BitPay to support many important charities throughout the world while introducing bitcoin to fans throughout South America,” said BitPay Regional Manager for Latin America, Mr. Albert Vega.

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