SAN CLEMENTE, Calif., March 27, 2014 /PRNewswire/ -- Today, Clean Water Coin, a non-profit organization that has designed and developed a cryptocurrency "coin" that specializes in raising charitable funds, announced its launch as the first Crypto Charity. This California based NPO seeks to forge a strong relationship between the budding cryptocurrency industry and the non-profit sector by offering a new and innovative way to donate to a charitable cause. "We designed Clean Water Coin to have a function that donates a small portion of every transaction. So any time people mine or use our coin they are actively participating in a new peer-to-peer method of supporting charity," said Zach Mettra, Co-founder of CleanWaterCoin.org. The organization collects the coins from each transaction in a Charity Wallet, exchanges those coins to Bitcoin, and then donates that to charity.
Bitcoin, the most recognized and popular cryptocurrency, has made headlines over the last year because of its increasing value and ability to offer an alternative to the current economic system. The growing community that supports Bitcoin and other cryptocurrencies, like Clean Water Coin, has recently shocked organizations around the world by raising substantial funds for charity.
"People have mistakenly attributed a negative reputation to crypto. The whole movement is based on freely exchanging and improving this technology and infrastructure, and there's hundreds of thousands of people cooperating and working together. It's no surprise that the community is extremely charitable and willing to donate to help others in need," said Hyrum Taylor who co-founded the organization. "With Clean Water Coin, our goal is to direct all this positive energy and offer a completely new way to give to charity."
Clean Water Coin will officially be available starting Sunday, March 30th. The organization states that they will initially be donating all funds they raise to charitywater.org, where they have created a campaign called "Digital Drops." When asked why they chose charity: water Zach said, "We researched a number of charities and they really stood out to us. They promise that 100% of donations go into the field and they back that up by running a truly open-book organization. Internally, we've set a goal to emulate them and operate with the same kind of honesty and integrity."
You can follow the official release of Clean Water Coin this Sunday by visiting:
SOURCE Clean Water Coin