Nonprofit firm BitGive of Truckee, California, announced Tuesday that it has agreed to transfer its assets to Heifer International of Little Rock.
Heifer will take ownership of GiveTrack, BitGive’s donation platform; the GiveTrack logo and brand assets; and the BitGive logo and brand assets. Over the next year, Heifer will also develop the GiveTrack platform to further its cryptocurrency capabilities, the organizations said.
Financial terms of the transaction were not disclosed.
BitGive, founded in 2013, has helped nonprofits from 29 countries in Africa, Asia, the Middle East, and the Americas that directly benefited more than 57,000 people. The nonprofits it has worked with include Heifer, Save the Children Mexico, Code to Inspire, Black Girls Code and GiveDirectly.
Via the GiveTrack platform, it uses blockchain technology to enable donations in bitcoin, cryptocurrencies or traditional currencies. BitGive’s mission has been to increase transparency for donors, reduce transaction costs and provide a way to track the end use of donations.
Connie Gallippi, founder and executive director emeritus, said in a news release that BitGive had accomplished what it set out to do. “When I founded BitGive, my goal was to show the power of Bitcoin and blockchain technology to make a difference in the lives of people around the world. “Today, with many other organizations following in BitGive’s footsteps, we believe that the best way to move forward is by entrusting BitGive to Heifer International, an organization with a long track record of global impact. Under Heifer International’s leadership, BitGive will enter a new chapter and continue advancing the use of this innovative technology for social impact.”
Pierre Ferrari, president and CEO of Heifer International, added, “With BitGive’s platform, we will be developing new ways to engage with our life-changing work around the world, while mobilizing new resources in support of our mission.”