BitGive Launches Bitcoin Donation Platform GiveTrack
BitGive Foundation, a nonprofit organization, announced the launch of the beta version of GiveTrack, a blockchain-based platform that allows donors to donate bitcoin to charitable causes and track those donations in real-time.
Connie Gallippi, founder of BitGive, made the announcement yesterday at Money20/20, a four-day payments and finance event in Las Vegas.
“It is a real working version; this will be the first time that it has gone live for anyone to access it,” Gallippi said of the platform in an interview with Bitcoin Magazine.
One issue with charities is donors never know for sure how much of the funds they give actually make it to the intended cause. GiveTrack solves that problem by bringing transparency to the donation process. By using Bitcoin and blockchain technology, the web-based project allows donors to give to a cause and then track the progress of those funds in real-time, thereby reducing opportunities for fraud.