After the shocks of 24th August and 30th October the earthquake emergency has not yet ended, more than 11,000 people are still assisted by Italian Civil Protection and there are still problems related to reconstruction.
Helperbit immediately decided to support the relief with its digital tools and the first step was the support to Legambiente in the development of the first bitcoin fundraising in Italy. Thanks to this initiative, the NGO raised 9.5 bitcoins (over 20,000 € at the current exchange rate), distributing its first tranche to young entrepreneurs affected by that disaster and offering full transparency of economic flows.
The team continues to work to improve the Helperbit’s pilot phase and today the platform offers a brand new service! From this week, in addition to the classic donation to an NGO, there is also the possibility to donate directly to a legal entity. In the specific case, we are talking about a local company, also affected by the earthquake in Central Italy, which manages a 2-of-3 key multisignature bitcoin wallet.
The company meets the requirements of Legambiente and for this reason it received from the NGO a € 5000 donation in bitcoin (here the transaction) converted directly into € through exchange. In addition to this, Alessia, the owner of the company, has started a campaign to receive further support in buying agricultural machinery: find out here how to donate for this cause!
You can consult the available public material and the budget needed for the machinery. As in this case the purchase will be made after the donation and it will be made in local currency, the invoice will be uploaded later in the blockchain. This is not a request of refund for something bought before, but a different process: the transparency is guaranteed as the bitcoin address is public and unique, while it is possible to see in blockchain all the donations received and the amount spent with its own proof of spent.
This initiative allows Helperbit to show the first part of the core platform and further expand the case study started in late 2016, helping in the distribution of approximately 30% of the total amount raised by Legambiente.
The creation of bitcoin wallets and projects is offered at no additional cost by Helperbit. We invite nonprofit organizations, associations and entities involved in emergencies or social issues to sign up directly through the online form. Teamwork is needed to increase transparency!
Support Helperbit and the causes you care for, use together the technology to serve those who are in need!