Susie Violet Ward's avatar
Susie Violet Ward 1 month ago
A GoFundMe campaign raised more than £55,000 for a Gazan family trying to escape the war. Most of the money raised never reached them. Banking rules and sanctions prevent direct payouts in Gaza, so the funds had to go through an intermediary. When that arrangement collapsed, the family was left without the support raised for them. Bitcoin platforms like Agora and Geyser send funds directly to recipients’ own wallets, using community verification instead of giving control to a single intermediary. Read how these tools are helping people in crisis. My latest piece in Forbes featuring @Team Soapbox @Geyser @Lyudmyla Kozlovska @npub1zhqc...h0dw @Femi Longe .
Forbes
When The Financial System Can’t Reach People In Crisis, Bitcoin Can
Humanitarian crowdfunding can raise thousands in hours, but banking rules, sanctions and intermediaries may still stop the money reaching those in ...

Replies (9)

xte's avatar
xte xte@nostr.kfx.fr 1 month ago
Unfortunately people never learn... Until we could pay groceries in Sat the banking drama will anyway be there because even if they could get BTCs they very probably found no one who accept them counter services and goods, except maybe at absurd price. Personally I fear a scenario where people understand finally, only when they are totally broke, so they can't anyway exchange fiat counter BTC, and seen the current trend, it not that unlikely
Hope With ₿itcoin's avatar
Hope With ₿itcoin hopewithbtc@iris.to 1 month ago
Hello npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sg I'd love for you to write an article about us. Exactly GofundedMe has limits and here in Benin it's not possible to have it.
Kayne's avatar
Kayne kayne@kayneapproved.me 1 month ago
I send my usdt to my friend in Gaza, they get more out of it than they get from the money sent to their GoFundMe. Both have to be converted to cash for spending, a lot more of the money from the GoFundMe gets eaten by fees and money changers exploiting people than the usdt. I would send Bitcoin but it's harder to convert to cash for spending in Gaza.
Susie Violet Ward's avatar
Susie Violet Ward 1 month ago
GoFundMe responded to my article after publication, despite multiple requests for comment before it went live. I have now replied asking them what safeguards exist when funds raised for someone in a crisis zone are paid to a nominated beneficiary but do not reach the intended recipient. Their statement referred to the need to protect donors' generosity. I have asked how this applies when the person the money was raised for is left without it. Full article with footnote added:
Forbes
When The Financial System Can’t Reach People In Crisis, Bitcoin Can
Humanitarian crowdfunding can raise thousands in hours, but banking rules, sanctions and intermediaries may still stop the money reaching those in ...
 @MK Fain @Team Soapbox @Derek Ross image View quoted note →
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