United Way Worldwide and Coinbase, a leading bitcoin wallet and platform, have announced a partnership in which donors around the world can contribute to United Way’s Innovation Fund using the bitcoin currency.
The Innovation Fund is transforming United Way and the social sector through technology, relationships, and efficiency. Through the Coinbase platform, which is currently used by over 1.6 million consumers, 36,000 merchants, and 6,000 developers worldwide, United Way Worldwide will accept donations to the Innovation Fund directly from a donor’s digital wallet via desktop or a smartphone without any transaction fees.
“United Way Worldwide embraces the opportunity to make it easier for donors to support the causes that matter most to them, and this means innovating to evolve with the donor landscape,” said Brian A. Gallagher, president and CEO of United Way Worldwide. “Achieving United Way’s vision for the world – where all individuals and families achieve their human potential – requires innovation powered by new technology and outreach methods. In that spirit, integrating bitcoin donations with the United Way Worldwide Innovation Fund helps us achieve this crucial goal. In addition, as the world’s largest privately-funded nonprofit, United Way seeks to lead the way for others by taking bold steps to grow our organization, and we are delighted to do so again today.”
“United Way Worldwide recognizes Bitcoin as an emerging technology that is impacting charitable giving by reducing the costs associated with receiving online payments,” said Brian Armstrong, Co-founder and CEO of Coinbase. “We are pleased to partner with United Way Worldwide and help donors around the world contribute to the organization’s impactful initiatives.”