RATE Group | Bitcoin Scores ‘Below-Average’ in NGO Crypto Adoption
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Bitcoin Scores ‘Below-Average’ in NGO Crypto Adoption

06 Oct Bitcoin Scores ‘Below-Average’ in NGO Crypto Adoption

Posted at 02:34h in Bitcoin News by

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Bitcoin has scored a below average level of adoption in the annual 2019 Global NGO Technology Report.

The Global NGO Technology report evaluates the use of technology by non-governmental organizations (NGOs) worldwide, exploring how NGOs utilize various technologies to communicate, raise funds, and process information.

According to the report, most NGOs have seen significantly more transactions processed through conventional means of payments such as credit cards and mobile money across most regions.

NGOs show low level of usage of bitcoin (source: NGO Technology Report)

NGOs in Africa have recorded the highest number of payments through cryptocurrency like bitcoin at 5% but other regions like Latin America and Asia processed around 1% to 3% of payments through cryptocurrency.

“64% of NGOs in Africa accept credit card payments on their website, up from 50% in 2018. 28% accept mobile money and 5% accept cryptocurrency—both are higher rates than any other region,” said the…

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