Uphold, a provider of crypto wallet and exchange accounts, today announced that GiveTrack by BitGive is now live on Uphold, allowing its members to donate to any of the charitable projects on the GiveTrack platform.
Moreover, up until today, donations through BitGive have been restricted to bitcoin only, but Uphold donors can make donations using fiat and several cryptocurrencies (including Ethereum, Litecoin, Bitcoin Cash, and Dash).
GiveTrack offers blockchain-based transparency, enabling donors to trace transactions on a public platform in real time. Users can see how funds are spent and ensure they reach their final destination. Project results are shared for direct engagement with donors.
BitGive has established strong partnerships and raised funds with well-known charities including Save the Children, The Water Project, TECHO and Medic Mobile. It is the first bitcoin nonprofit to enjoy federal tax exemption status under Section 501(c)(3) of the US Internal Revenue Code and aims to revolutionize global philanthropy by leveraging the power of blockchain technology to improve public health and the environment worldwide.
‘This is an extremely exciting and long-awaited partnership for us, as we’re now able to open up our platform to a whole new audience. The integration with Uphold truly makes GiveTrack accessible to anyone, anywhere, and still allows our users to have a completely transparent and seamless donation tracking experience.’
“At Uphold, we’re always looking for real-world use cases and to facilitate non-speculative transactions. BitGive is an inspiring example of how blockchain and cryptocurrencies can be applied in the philanthropic ecosystem, providing donors with a previously non-existent level of transparency and efficiency while ensuring recipients get the most out of their funding. This vision aligns perfectly with our mission to build the future of financial services by giving people around the world transparent access to all forms of money, including fiat and digital currencies.”