The Southeast Asian nation of Nepal has dominated the headlines this week following a devastating earthquake, which at the time of press, had already claimed the lives of more than 4,000 people.
Just as swift, however, has been the charitable response.
The Red Cross has committed an initial $300,000 of aid as well as an additional 19,000 non-food relief kits including essential items such as clothes and mosquito nets. Meanwhile, online fundraising platform Global Giving has already raised approximately $570,000 as part of an attempt to raise $1m to support victims.
Members of the bitcoin community, in Nepal and around the globe, have also rallied around the cause, seeking to provide both needed aid and a reminder of how bitcoin can help charitable efforts lower the cost of accepting international donations.
See Change Foundation founder Erik Bouchard, for example, confirmed that his organisation has so far received over 100 bitcoin donations in 36 hours, “ranging from $1 to $100 [per donation]”.
The Nepal-based charity is seeking donations to cover the costs of providing short-term housing units to those affected by the earthquake. More than 740 homes, he said, have been destroyed in his small district, at the epicentre of the quake alone.
“People are still sleeping in the streets and open spaces,” Bouchard added.
Donations will also be used to help pay towards a blood drive, medical care, transportation and lodging.
Bouchard was well-suited to tap this funding stream, noting that the decision to accept bitcoin donations via BitPay in November last year followed requests by the technology’s passionate Reddit community.
“Bitcoin has shown unbelievable promise for our work,” he explained. “We posted a note of what we did with the first $30 in bitcoin donations to r/bitcoin and over $2,000 came in from ChangeTip and website donations.”
The See Foundation is not alone in its efforts, though.
Bitcoin-focused non-profit, the BitGive Foundation, is accepting bitcoin donations on behalf of Medic Mobile’s Nepal’s office, which then cashes them out into fiat using bitcoin payment processor BitPay.
Medic Mobile, co-founded by Josh Nesbit, a former pre-medical undergraduate student at Stanford University, offers a software that enables healthcare professionals to collect data, analytics and send messages in remote areas.
In a post on the BitGive Foundation blog, the team spoke about how the bitcoin community had previously been supportive of its efforts, writing:
“The bitcoin community has already been so supportive of our efforts in the past and we’d be grateful for that support again. Every donation will go directly to our Nepal office and help us as we deploy the right technology to help [victims].”
International bitcoin aid
Companies in the international cryptocurrency space have also reacted to Nepal’s earthquake by coordinating donation campaigns.
The American Red Cross, the official affiliate of the International Red Cross and Red Crescent movement is accepting bitcoin donations via bitcoin tipping service ChangeTip and processing the transactions via BitPay.
To donate on Twitter, users must first sync a bitcoin wallet and transfer the desired funds to their ChangeTip account. Once this is done, donors must mention the American Red Cross (@RedCross) and ChangeTip (@Changetip) and the desired donation amount, as follows:
Kyle Kemper, head of tipping at ChangeTip, said that the American Red Cross was proving that it was a leader in innovation by leveraging social media, bitcoin and ChangeTip to procure donations in the digital currency.
“They are just scratching the surface of the potential for this technology but we are hoping that the volume of donations and the money raised gets them thinking about the opportunities to leverage this technology not only in raising funds for relief but for distributing relief,” he said.
Victoria Van Eyk, VP of community at ChangeTip took to twitter to announce the amount of bitcoin donations sent to the Red Cross so far – which at the time of press, stood at more than $3,000.
The funds, while still a small part of the relief effort, however, are clearly appreciated, and as evidenced by on-the-ground reports.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.