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Bitso Opens Bitcoin Donation Support for Mexico City

Avatar newsbtc 3 years ago

Whenever a natural disaster takes place, there is a dire need for relief efforts. Although not everyone can send goods over to affected countries, financial support will do the job as well. Rather than donating to organizations who can’t properly allocate funds, using Bitcoin makes a lot more sense. Mexican exchange Bitso has opened up a Bitcoin donation solution. All money will be used to help victims of the Mexico City earthquake.

It is evident the Mexico City earthquake is a major disaster. It is not the first time the region is rocked by such a seismic shift, mind you. This latest earthquake will cause even more damage to an area already prone to such disasters. It is only normal the rest of the world will try to provide relief in any way, shape, or form they can. Bitcoin users can contribute as well, thanks to the efforts by local exchange Bitso. Every transaction will be turned into a verifiable receipt signed by the country’s central bank.

Donate Cryptocurrency to the Mexico City Earthquake Relief Fund

It is worth mentioning this effort is not just limited to Bitcoin, mind you. Donations can also be made in Ethereum and Ripple, which are two interesting choices. Half of the money will go to the Red Cross. We can only hope the organization can properly allocate and track relief funds this time. Unfortunately, the nonprofit has a checkered history in that regard, which makes it a less viable solution. The other half of the funds will go to Brigada de Rescate Topos Tlatelolco A.C.

Cryptocurrency users who donate funds can also obtain the receipt related to their transfer. For tax purposes, this effort could be well worth it. However,  the main objective is to help people in need. We need to show cryptocurrency is a valuable asset rather than a tool used by criminals. Bitso will liquidate any donated funds every Friday at noon for the next four weeks. Any donation will help the people affected by the Mexico City earthquake.

Events like these are absolutely horrible, that much is certain. Especially when considering it’s not the first major Mexico City Earthquake. During the previous event, Bitso also raised a lot of money from the cryptocurrency community. It is good to see local service providers try to bring a beacon of hope to the affected victims. Having such a local partner will be invaluable for organizations such as the Red Cross. It will be interesting to see how much money will be raised through these efforts.

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