Safello, which offers Europe multiple payment options to buy bitcoins quickly and easily, has launched a free service for charities to collect bitcoin donations.
Charities will be able to receive practically 100% of funds donated and tap supporters around the world through their donation pages. According to CEO Frank Schuil, an advantage of donating with Bitcoin is the transparency. As long as funds stay in Bitcoin, they can always be traced. He added:
ATFX Institutional Business Continues to Expand: Adding a New Prime BrokerGo to article >>
“Another great possibility through Bitcoin donations is it more easily allows for truly global campaigns because there are no geographical restrictions and the low cost of Bitcoins enable the possibility of micro funding goals. In the long term I foresee new charities emerge that solely raise and spend Bitcoins where donators can follow the money trail back to the cause.”
On its website, Safello showcases 3 charities using the service: LiveBuild, Shifo and Lifeboat.