Cubits launches bitcoin donation service for refugees

Now Accepting | October 19, 2015 By:

Cubits announced a charitable donation service in Bitcoin, to help deal with the current refugee crisis in Europe.

“We accept the bitcoin and immediately change it into fiat currency for the charities so they don’t hold any bitcoin; they don’t have any volatility risk,” said Cubits marketing manager Charlotte Bonorden.

The company said bitcoin is well suited to charitable donations because money can be moved in seconds and to any place in the world without any regulatory hurdles and cross-border fees which can particularly help in crisis situations.

Donations can be made on Cubits’ website, where donors can find an individual QR-code for each participating charity, which can be scanned via smartphone or tablet. The web-based payments process runs similar by manually entering the bitcoin address of the charity.

Cubits is a platform to buy, sell and accept Bitcoin.