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SEED Madagascar

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Donating Cryptocurrency

Use the form below to begin a transaction via BitPay. On the invoice page you can find the wallet address and scanning code for payment-protocol enabled wallets.

 

Frequently asked questions

Why are we accepting donations of cryptocurrencies?

Cryptocurrencies are an innovative new kind of currency and we believe that accepting donations in the form of major crytocurrencies will result in donations we may not otherwise receive, as well as connecting us with new types of supporters.

In accepting donations of cryptocurrency, SEED Madagascar is keeping pace with changing technology. We aim to make donations accessible to a broad range of donors.

What is Bitcoin? What are cryptocurrencies?

Bitcoin was the first digital currency and is being used increasingly all over the world since its inception in 2009. In the years since, many other assets and forms of blockchain technology have been developed including the launch of several other cryptocurrencies. Find out more about Bitcoin, Ethereum, blockchains, and enterprise distributed ledger technology here: https://www.vpnmentor.com/blog/ultimate-guide-bitcoin/

Which other cryptocurrencies do we accept?

In addition to Bitcoin (BTC), we also accept donations of Bitcoin Cash (BCH), and will later phase in two other major cryptocurrencies: Ethereum (ETH) and Litecoin (LTC).

How much cryptocurrency can I donate?  What is my donation worth?

The size of your donation is up to you however the fiat value or exchange value (e.g. in GBP or EUR) will vary depending on the price of the cryptocurrency at the time of your donation. In order to minimise the impacts of cryptocurrency price fluctuations on donations, we will convert cryptocurrencies to fiat value as soon as the donation is received.

For the latest cryptocurrency prices follow the link below:
coindesk.com/price

Are cryptocurrencies legal?

There is currently no legal restriction for merchants to accept payments in Bitcoins in the UK, Ireland or the EU.

HMRC have issued guidance to companies on how to handle, record and tax Bitcoin transactions, and operations which SEED will comply with.

More details on HMRC guidance are available here.

Does SEED have safeguards in place against identification of criminal and or money laundering activities?

Current safeguards and SEED practice of monitoring of donations will continue. We will notify the Charity Commission should an individual anonymous donation exceed a certain amount as set in our policy.

We have also reviewed our policy regarding any requests for significant refunds. Bitcoin payments are irreversible by the sender, so any refund would need to be made by request to SEED in writing and could be assessed at that point.

How will SEED know who made the donation?

By design, although the transaction will be recorded on a publicly available ledger, donations in the form of cryptocurrency are anonymous. If you would like us to know who you are, please get in touch at info@seedmadagascar.org, and if you would like to be kept up to date as to how your donation is being used, please sign up to our newsletter.

What is your wallet address?

Our cryptocurrency donations are processed via BitPay, and as such our wallet addresses are subject to change. However, once you begin a transaction via BitPay, you can find a wallet address and scanning code on the invoice.