BitGive surpasses Water Project target, raises $65,000 for Founding Donors Campaign

Since legally attaining nonprofit status several weeks ago, BitGo has surpassed its goal for The Water Project, which aims to give communities in sub-Saharan Africa access to clean, safe water. Thus far $11,000 has been raised, the original target being $10,000.

BitGo says that the amount raised is sufficient to build one entire project solely from Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term donations. The largest donation was 5 BTC (=$2350) from BitMEX, a bitcoin derivatives Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.

BitGo has also launched its Founding Donors Campaign and has raised $65,000 towards is funding goals in less than two weeks. Among the biggest donors are BitPay and Roger Ver.

The organization says that the funds will help towards building their capacity, perhaps through paid employees. Its workforce has operated on an entirely voluntary basis until now.