In announcing the feature, ChangeTip noted it has many users who, due to their social or employment status, wish to not receive tips for their work. As a result, the company has added the automatic tip redirection feature to allow users to channel money to the charity of their choice.
Micropayments and charitable giving
“The two best-use cases for bitcoin are micropayments and charitable giving, because of low transaction fees and frictionless public sharing on social media,” explained Victoria van Eyk, head of community development at ChangeTip. “We see this partnership as a natural fit for us and want to enable automatic giving in a powerful, robust way for organizations doing really great work.”
Connie Galippi, founder and executive director of the BitGive Foundation, elaborated:
“We are pleased to see this new feature and are honored to be partnering with ChangeTip on its debut. Bitcoin has made microdonations a reality, and ChangeTip makes it fun and easy using social media interactions. We are excited to see ChangeTip’s support for charity continue.”
Tip redirect begins Feb. 10
The tip redirect feature is available to every ChangeTip user as of Tuesday, Feb. 10, for the popular #tippingtuesday and, when selected, automatically funnels all received tips to BitGive. To initiate this feature, users simply log into their ChangeTip account, click on the highlighted option and choose “Redirect My Tips To A Cause.” ChangeTip anticipates adding more causes every week.
ChangeTip allows people to express appreciation or pay other individuals or organizations via monetary “tips.” Tips are sent natively within the chosen social media platform and allow users to transact seamlessly in the normal course of their Twitter, Reddit, YouTube, and other social media interactions. Utilizing Bitcoin blockchain technology, the company’s platform allows instant transactions between two parties.
In keeping with American law and financial industry standards, the ChangeTip service is not available in FATF “non-cooperative” and other “blacklisted” countries such as Liberia and Myanmar.
The BitGive Foundation is the first 501(c)(3) bitcoin nonprofit charitable foundation. Its mission is to leverage the power of the bitcoin community to improve public health and the environment worldwide. The foundation focuses on demonstrating bitcoin’s social value on a global scale through supporting charitable organizations with fundraising campaigns, education, and partnerships. Its charity partners include Save The Children, The Water Project, Medic Mobile, and more.
Last modified: March 4, 2021 4:42 PM