Crypto Platform Uphold Integrates BitGive’s Blockchain-Based Donation Platform

News | April 23, 2019 By:

Non-profit organization BitGive has partnered with cryptocurrency platform Uphold to have donation tracking platform GiveTrack integrated with Uphold via an API.

BitGive is the first bitcoin 501(c)(3) non-profit, giving it tax exemption status at the federal level in the US. BitGive is bridging the gap between an innovative technology and its practical applications for non-profits and humanitarian work in the developing world. In 2017, the non-profit launched GiveTrack to offer donors the ability to transfer, track, and provide a permanent record of the route of global financial transactions from inception to endpoint.

Uphold, formerly Bitreserve, is a cloud-based financial services platform enabling users to convert deposits to their account via bank account, credit card, and cryptocurrencies into reserve-backed currencies and commodities. Uphold claims to have powered over $4 billion in transactions across 184 countries, in more than 30 supported currencies and four commodities.

GiveTrack’s integration with Uphold will allow users to donate to charitable projects using a number of cryptocurrencies, including ethereum, Litecoin, Bitcoin Cash, and Dash, as well as 23 fiat currencies. Previously, donations on the GiveTrack platform were only made in bitcoin.

“This is an extremely exciting and long-awaited partnership for us, as we’re now able to open up our platform to a whole new audience,” said Connie Gallippi, Founder and Executive Director of BitGive. “The integration with Uphold truly makes GiveTrack accessible to anyone, anywhere, and still allows our users to have a completely transparent and seamless donation tracking experience.”

Robin O’Connell, Chief Revenue Officer of Uphold, said that it has been inspiring working with BitGive while also being able to leverage the Uphold platform.

“Uphold is always looking for real-world use cases and to facilitate non-speculative transactions,” O’Connell said. “Here is a perfect example of how blockchain and cryptocurrencies can be applied in the philanthropic ecosystem. To provide donors a previously non-existent level of transparency and efficiency while ensuring recipients get the most out of their funding.”