The KWS conference is already hard at work on this, and the second KWS event, as did the first, will be presented by a wide range of high level experts from key technology and social arenas. One of the key issues we want to address this year is the positive impact of Bitcoin. Thus we are glad to present this Panel entitled:
SAVING THE WORLD WITH BITCOIN:
How Crypto-Currencies Are Transforming Non-Profit Campaigns
Currently, nonprofit organizations spend more than 20% of their transactional costs on overheads. Credit card donation processing fees, domestic banking fees and international fund transfer fees are part of the hidden costs that charities have to deal with, making it increasingly expensive to process donations, and almost impossible for donors to track their money, particularly in the international philanthropy sector. It is within this context that cryptocurrencies like the Bitcoin can present an unprecedented advantage for fundraising campaigns. As yet untapped by the conventional financial system, cryptocurrencies, unlike other forms of electronic payments, require very low transaction costs and allow for the collect of microdonations without geographical limits. This represents an excellent opportunity for nonprofits and activists who use crowdfunding for social causes, maximizing their geographical scope and minimizing costs.
What are the benefits and challenges of such innovations? How does this technology fit into the traditional working practises of charities, their funding models, their regulatory, compliance, accounting and legal structures ? How can cryptocurrencies change the way we help save the world?
Speakers in this Panel
Peter Chasse, President & Founder, The Water Project
Peter Chasse is the Founder and President of The Water Project (TWP). TWP is a U.S.-based non-profit organization unlocking human potential by providing sustainable water projects to communities in sub-Saharan Africa who suffer needlessly from a lack of access to clean water and proper sanitation. Read More on Peter Chasse
Francis Pouliot, CEO, Bitcoin Foundation Canada
Francis Pouliot is the CEO of the Bitcoin Foundation Canada, a non-profit pan-Canadian organization whose mission is to protect, promote and standardize the use of Bitcoin. He is also director of public affairs at the Bitcoin Embassy, a non-profit organization whose mission is to promote and facilitate the adoption of Bitcoin and other crypto-currencies.
Moderator: Meinna Gwet, Chief Risk Management Analyst, Founder of BobbyFinance.com
Meinna Gwet has been an actuarial and finance professional for almost 8 years now. She is the founder of Bobbyfinance.com, a blog dedicated to financial literacy for young professionals and entrepreneurs. Mrs. Gwet has written several articles on Bitcoin and other crypto-currencies, as well as their impact on western and developing economies. Read More on Meinna
The audience is assumed to have a minimal understanding of what crypto-currencies are. To ensure that, a Bitcoin guide will be distributed before, during and after the forum. The short introductory video will also serve that purpose. The following topics will be addressed during the panel:
- How do crypto-currencies work and what are the main pros and cons?
- Is the technology safe for non-profits and charitable organizations? How can it be implemented?
- How do media and recent events affect the adoption of crypto-currencies?
- How can the power of transparency allow donors to track their money?
- What are the legal and regulatory challenges?
- Will crypto-currencies really transform our economy or is it just a trend?
- What is the future of philanthropy?
Posts on this profile were created by members of the Kongossa team. Here, we discuss social innovation related topics. You’ll find our writers based between our offices in Montreal and Yaounde during our kws forum or Kossi events