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The Problem Space

Kindtrust seeks to solve three major problems that currently plague the donation-based crowdfunding space:

We live in a world where we are connected to more people in the world than ever before. As our virtual circle of acquaintances expand dramatically, we seek honesty to sift through our increasingly anonymous interactions. In the context of fundraising, donors want to trust that their money is going to the right place. They want to know that they’re making an impact.

In fact, most individual donors claim that public financials is a key factor before deciding to donate to a charitable organization. Unfortunately, GoFundMe and other crowdfunding platforms, fail to provide financial transparency. This increases the risk of fraud and suspicious activity, deterring would-be donors from even making their first gift.

Finally, this need for trust and transparency only increases on an international scale, leaving market of 18.5 billion in crowdfunding volume untapped. Places and people that truly need help, like victims of the Mexico earthquake, war-driven refugees, and disaster-stricken farmers in developing countries, are left waiting for aid wrapped in red-tape. In the meantime, their livelihoods and families are left to suffer indefinitely.

How does KindTrust solve these issues?

1) We allow users to track their donations, empowering them to track the impact of their money.
2) We pair fundraisers with a public donation ledger, ensuring financial transparency.
3) We utilize the power of decentralized cryptocurrency to build a kinder international community.

Our Impact Metrics

Our vision is to inspire kindness by connecting people through a platform that fosters trust, transparency, and accountability. We aspire to help everyone, including people who have been excluded from the traditional banking system due to political and social conditions.

To guide this vision, Kindtrust has defined these impact metrics to determine its impact on financial inclusion around the world:

While Kickstarter poses a risky success rate of 40% and GoFundMe chooses not to disclose its statistics on fraud, Kindtrust aims to ensure campaign fulfillment and successful donations. Furthermore, by releasing data on successful fundraisers, related demographics, and fraud rates, we hope to build a better global giving community.

By breaking down campaigns by categories or causes, we can better understand which types of communities we are helping. Medical procedures and counseling for LGBTQ+ individuals or disaster recovery funds for under-developed communities indicate we are bridging vulnerable populations with financial security.

A global heat map of where donations are going from and to is also vital to understanding our international reach. By tracking and sharing hotspots of aid or lack thereof, we can determine and highlight where money really needs to go.

Engaging unbanked individuals is also a key component of financial inclusion, allowing them to fully reap the benefits of the fundraising and crowdfunding market.

Finally, by recording the number of unique vendors who have used our platforms, we can not only track the growth rate of a cryptocurrency in the crowdfunding world, but also encourage and normalize the use of decentralized currency to aid the unbanked and geographically excluded.

Let's build a kinder community.

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Bitpay and the Functionality We Need

The Bitpay wallet was conceived to enable vendors to receive bitcoin and convert it into fiat currency: "BitPay accepts bitcoin on a retailer's behalf, and pays them the equivalent in fiat currency, typically U.S dollars. The company is currently the largest bitcoin payment processor in the world, serving more than 60,000 merchants on six continents."

And about a year ago they launched an app and a VISA card. From the Apple iTunes site: "Manage your bitcoin finances in one app with the secure, open source BitPay Wallet. Get up and running fast with bitcoin security, store and send funds anywhere, buy and sell bitcoin, and turn bitcoin into dollars with the BitPay Visa Card."

In other words, Bitpay by itself doesn't provide the functionality we need to track where recipients spend the bitcoin donated to help them. What we need is a wallet that is in our possession (so we can track the transactions) but at the same time can be controlled by the recipient -- just as health insurance companies pay health providers directly even though the transactions are controlled by patients.

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