Italian Red Cross Begins Second Phase of Bitcoin Fund Raising Campaign

Italian Red Cross, after achieving its initial fund raising objective within three days, has requested additional donations to purchase medical equipment.

Ten days back, Italy’s Red Cross rolled out a BTC fundraising program to buy a state of the art medical kit for pre-testing coronavirus cases.

Within three days from the date of announcement, the Red Cross revealed that it achieved its objective by raising €10,000 ($10,710) and had begun acquiring requisite stuff required to carry out pre-trial facility.

After achieving its initial objective quickly, the Red Cross has begun its second phase of Bitcoin fund raising program.

The charity organization is now aiming to raise roughly $26,000 to buy emergency hardware such as defibrillator with critical symptom monitor.

At the time of writing this article, the new phase of fund raising program has generated 75.7% of its goal from 55 donations.

The Red Cross has used approximately $20,000 until now. The Dutch Red Cross is also accepting BTC donations.

The crypto community has rolled out and backed several initiatives that support efforts to battle coronavirus across the globe.

Folding@Home, a platform that sets aside computing power for medical research, has received backing from several crypto ventures, including Tezos, which arranged a pool of hundreds of XTZ tokens to become the biggest F@H donator by the end of the month, and CoreWeave, which arranged 6,000 GPUs, earlier utilized to mine Ether (ETH), for the endeavor.

On March 14, Gitcoin, the Ethereum powered crowdfunding platform for app developers, revealed that it had promised a minimum of $50,000 in financing for public health measures such as battling COVID-19.

The platform trusts to receive a minimum of $100,000 to finance such initiatives.

Unfortunately, even scammers have immorally made money by faking fund raising campaigns organized by renowned organizations.

On March 19, cybersecurity academic Chester Wisniewski cautioned that scammers have been masquerading the World Health Organization (WHO) to seek Bitcoin donations through email.

On March 13, cyber security academics Domaintools found that the website coronaviruapp.site implants unsuspicious users’ gadgets with coronavirus subjected malware under the auspices of delivering a thermal map showing the outbreak of COVID-19 across the globe.