What started as a $500 donation has quickly snowballed into $1500 as Bitcoin proves once more, its high usability for charitable giving.

Last month Nic Cary, CEO of Blockchain.info, pledged $500 to charity as part of a ‘Bitcoinween’ pumpkin carving competition. The Bitcoin themed pumpkin with the most re-tweets would name the charity to receive the prize.

Coinapult is very pleased to see our entry win the contest after receiving over 50 RT’s. As a fellow Bitcoin wallet provider, Coinapult decided to match Nic’s donation to bring the total up to $1000. Two charities will receive donations of $500 each. Firstly, the Dream Bitcoin Foundation in Ghana who will use the money to empower young entrepreneurs to forge a more prosperous future. Secondly, Bitcoin Argentina who are doing excellent work leading the way for Bitcoin adoption in South America.

As these donations were being arranged, Bitcoin Argentina’s co-founder Rodolfo Andragnes, enthused by the round of seasonal giving, pledged a further $500 from his own company CESYT. We have chosen to give this money to Sean’s Outpost, the well-known Bitcoin charity fighting homelessness, hunger and poverty in Pensacola, Florida.

All this further strengthens the fact that there is a huge culture of giving in the Bitcoin community that continues to go unannounced in the mainstream news. One of the biggest uses for Bitcoin is still charitable giving. It is the fundamental nature of Bitcoin, the technology on which it is built, that makes it the ideal way to donate funds; charities can collect 100% of the value of the donation, receive donations instantly and from anywhere in the world.

But perhaps the most significant advantage Bitcoin has is evidenced when donating small amounts. ‘Tipping’ is a social phenomena in the Bitcoin community where you give someone a small tip for their contribution to a forum or other social media. In the FIAT world, the fees for this type of transaction simply render it untenable. Certainly anyone that has been on Reddit recently can the generosity of tippers in action and witness how giving is now an inextricable part of the fabric and culture of Bitcoin, and for that, we should feel very proud.

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