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

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 donations. The largest donation was 5 BTC (=$2350) from BitMEX, a bitcoin derivatives exchange.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>

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.

Got a news tip? Let Us Know