Save the Children Launches Bitcoin Fund for Humanitarian Aid Innovation

Save the Children has launched a new Bitcoin Fund in collaboration with Fortris, allowing the organization to hold bitcoin for extended periods instead of converting it to fiat immediately. This initiative aims to enhance the speed and efficiency of financial aid delivery in crises where traditional methods fall short.

The fund tests blockchain-based payment tools, potentially enabling quicker support for families affected by emergencies like hurricanes or wildfires.
Pilot programs include digital wallets, vouchers, and stablecoin distributions.
A partnership with Fedi in 2024 explores community wallets and low-fee bitcoin transfers for cash assistance programs.

Save the Children has a notable history with crypto donations, first accepting bitcoin during the 2013 Typhoon Haiyan response, and has since raised nearly $8 million through crypto for global projects. The organization supports over 66 million people across 113 countries, emphasizing its role as a leader in crypto philanthropy.