Social and philanthropic use cases involving bitcoin have increased over the years, helping to push its adoption. This year, the bitcoin community is aiming to demonstrate once again how important bitcoin is as an opportunity for charitable giving with Bitcoin Giving Tuesday.
Held each year after Black Friday, Bitcoin Giving Tuesday — an extension of the global #GivingTuesday — is when charities, companies and individuals raise money for their favorite causes. Taking place this year on November 29, Bitcoin Giving Tuesday is a new global movement that aims to raise the awareness of charities and individuals about the digital currency.
Woodrow Rosenbaum is Executive Director of Canadian-based GIV3 Foundation, one of the founding partners of the Giving Tuesday movement in Canada. Speaking to Bitcoin Magazine, he said that, when they initially launched the challenge in 2014, the Foundation had a lot of difficulty garnering interest due to the major price drop in bitcoin at the time. Now, however, things have changed.
“We think there is [an] untapped opportunity for charitable giving in the bitcoin community and we would like to help charities understand and benefit from the opportunity,” Rosenbaum said.
He adds that the GIV3 Foundation is