• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

HelperBit Runs a Campaign Aid the Earthquake Survivors in Italy

Gautham by Gautham
4 years ago
in Cryptocurrency news
Reading Time: 2min read
helperbit
Advertisement

The use of Bitcoin as a currency has increased across the world. The digital currency is slowly making its way to become one of the mainstream currencies. These developments make the digital currency as an ideal asset for not just regular economic transactions, but also for charitable donations. In order to facilitate such charitable transactions, an Italian startup has created the HelperBit platform.

HelperBit has also demonstrated its effectiveness by successfully concluding a crowdfunding campaign to raise funds for the victims of the recent earthquakes that hit Italy. The Central Italian region has been affected by earthquakes since the past six months. The serious one, registering a magnitude of 6.0 on the Richter scale affected the country in August 2016 leading to loss of about 300 lives and billions of euros in damages.

Since the fateful day, the Central Italy has experienced a series of earthquakes of varying magnitudes. Every tremor has resulted in the loss of life, property or both. The agricultural and tourism industry in the region have borne the brunt of nature’s wrath, affecting the livelihood of thousands of people.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

HelperBit collaborated with Legambiente to support the affected raise funds for reconstruction. The platform offered the infrastructure to create a multi-signature Bitcoin wallet and helped the organization raise money in the form of cryptocurrency from across the world. HelperBit has also helped bring transparency into the whole fundraising and disbursement process by making use of the blockchain technology.

The blockchain-based notarization service offered by HelperBit is helping Legambiente verify the authenticity of the relief requests before reimbursing the amount. In its recent blog, HelperBit gives an example of two farmers Ilaria and Lorenzo – owners of Societa Agricola Etiche Terre S.S. who suffered damages during the earthquake. They were able to benefit from “The Rebirth has a Young Heart” charity campaign by claiming relief for the expenses they incurred during the reconstruction process.

According to the blog, the farmers uploaded their invoice on HelperBit, requesting a refund for the expenditure. The authenticity of the refund request forwarded to Legambiente was verified by the organization before approving the Bitcoin transaction for reimbursement. The use of blockchain as made it possible for anyone to verify the transactions and track the usage of funds to confirm the legitimacy of the fundraising campaign.

The use of Bitcoin, multi-signature wallet systems and blockchain technology in charitable sector is clearly displayed by this initiative of HelperBit and Legambiente. It also opens doors for other charitable institutions and relief agencies from across the world to adopt cryptocurrency and its underlying technology for their operations.

Ref: HelperBit | Charity Digital News | Image: NewsBTC
Tags: bitcoinBitcoin Newsblockchain technologycharityearthquakehelperbititalyNews
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

Bitcoin Tops Q1 Results With +103% Gains as Gold Brings up The Rear

Bitcoin Tops Q1 Results With +103% Gains as Gold Brings up The Rear

20 mins ago
Binance BNB BNBUSDT

Binance offers Tesla stock token, could Coinbase (COIN) follow?

15 hours ago
Bitcoin BTC

How COPA’s lawsuit against Craig Wright could benefit Bitcoin

16 hours ago
Bitcoin BTCUSD

Why MicroStrategy decided to paid its Board of Directors in Bitcoin

17 hours ago
holdefi

Holdefi: A Unique Decentralized Lending Platform Shaping the Future of DeFi

19 hours ago
Unicly

Capitalizing on Blockchain’s Promise, Unicly Delivers NFT Fractionalization

20 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Regtank Shortlisted As Finalist for Asia Fintech Awards 2021

April 13, 2021

EtherLite – Upcoming Ethereum Hard Fork to Launch One-Click Migration Tool for dApps

April 13, 2021

Mochi.Market Finalizes Seed Round, Preps for IDO Fair Launch for Its Multi-Chain NFT Decentralized Exchange Protocol

April 13, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.