Bitcoin has been cited as the ‘all-conquering economic juggernaut’. As it’s the hardest money ever…
Social Bite, a homeless charity enterprise, has been joined by crypto currency firm Scotcoin. Scotcoin has made a pledge to Social Bite to donate £5 per £20 of cryptocurrency bought until the end of January 2019. This is an exciting initiative and it’s one of Scotcoin’s objectives to be more of a presence in the community; homelessness and supporting charities that deal with homelessness is just the first step toward that objective.
Social Bite is fundraising again this year to help those who are homeless to get through the winter months, and Temple Melville of Scotcoin has said that they are “delighted to be partnering with them” in the months ahead. Social Bite is working hard to provide permanent homes for those on the streets, and the stress of being homeless through the winter is such that support is needed from every angle to help those who need it the most.
Taking A ‘Bite’ Out Of A Good Cause
Scotcoin is hoping that their donation each time cryptocurrency is purchased can help to provide homes through the Housing First model, and their donations are going to go a long way to funding this. This year, Glasgow is hosting a Sleep in the Park event, hosted at Kelvingrove Park to raise more money toward the initiatives of Social Bite; the more awareness that gets raised for Social Bite, the more homes can be provided for the homeless.
Social Bite has stated that they are pleased with the Scotcoin donation scheme, especially as they’ve stated that there will be no limit on how much currency people can purchase with Scotcoin through Bitcoin blockchain. A representative of Social Bite, Andrew Baillie, has said: “We are thrilled to have the support of Scotcoin as we work to end the homelessness of Scotland.”
Working Hand In Hand Toward Help
The crypto currency project is working together with Social Bite to generate as much money as possible to pay for tenancies for those who need a new home, and it will also help the homeless to get a leg up into society again. Having a fixed address is a basic premise toward getting a job, and most people who are on the streets are in vulnerable circumstances where the stability of a home and job would make a huge difference. Scotcoin is stepping up to be a part of making that difference.
Scottish councils received 34,972 applications from the homeless in the 2017-2018 financial year, and over half of those applicants were found to be below 35. This is a clear indication on the lack of employment in the area and over the past few years, the number of applications for homes has been declining. The Scotland government is doing its best to accommodate the homeless, but it’s companies like Scotcoin stepping up and putting funds on the table that is going to make the biggest difference.
Now that Scotcoin is supporting Social Bite’s initiative, there is more support for the schemes already laid out by the government.
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