help2kids will begin working with crypto software development program KryptoPal to accept cryptocurrency donations, according to a press release issued by help2kids.
This initiative will be a year long pilot project will allow donors to track their donations and see how they are used to directly impact the lives of the children.
Help2kids provides healthcare, food, education to children in Malawi and Tanzania. 750 kids are in the help2kids network in Tanzania's capital of Dar es Salaam. KryptoPal will create a public key and ensure each help2kids project receives a background check.
According to help2kids founder and CEO, Frank Hakenjoes accepting crypto donations could allow the organization to reduce, “our overhead costs by 10 percent, which allows us to send 90 percent donations to the children in need.”
Cryptocurrency donations are not a new idea as the Pineapple Fund, a Bitcoin (BTC) only charity announced recently in May that it had concluded giving away its 5,104 coins to various charities. The value of the coins at the time was $55 million.