Save the Children has unveiled a first-of-its-kind Bitcoin (CRYPTO:BTC) Fund in partnership with digital asset firm Fortris to modernise humanitarian aid.
The fund allows the organisation to hold Bitcoin donations for up to four years under a “hodl” strategy to maximise long-term value.
It also creates a platform to test and expand new methods of delivering cash and vouchers using Bitcoin, stablecoins and digital wallets.
“Out-of-the-box solutions are essential to ensure we continue to be there for children when they need us most—especially when traditional foreign aid funding falters,” Janti Soeripto said.
She added that blockchain tools improve the speed, cost-efficiency and financial inclusion of relief programmes in the US and worldwide.
The fund builds on Save the Children’s decade-long involvement with crypto, beginning in 2013 when it became the first NGO to accept Bitcoin donations.
Its current Hodl Hope initiative has raised millions in digital assets for crises in Ukraine, Gaza, Sudan and other regions.