Japanese City Seeks Bitcoin Donations to Preserve Historic Park

Pinterest

As part of a bid to preserve a historic park, a city in Japan is reportedly raising donations in bitcoin.

The city of Hirosaki, according to a report from national public broadcaster NHK, is collecting funds to maintain more than 2,000 cherry blossom trees, as well as a centuries-old castle.

Supporting the measure is Tokyo-based bitcoin wallet and exchange service Coincheck. According to figures posted on its website, 0.5749 BTC has so far been raised (worth roughly $720 at press time) from 40 contributors.

While small, the amount would no doubt help chip away at the expenses of the park in Hirosaki, as NHK reports the municipality spends hundreds of thousands of dollars per year on upkeep.

The broadcaster also suggested the digital currency has caught the attention of local officials who see it as a possible vehicle for addressing issues related to fundraising more generally.

“Deputy mayor Noboru Yamamoto says the virtual currency may provide a solution to other Japanese local authorities at a time when most are struggling to raise funds,” NHK reported.

Bitcoin has served as a donation tool for much of its history. Groups ranging from the Red Cross of America to Save the Children have turned the cryptocurrency into a way to collect contributions.

Hirosaki Castle Park image via Shutterstock

bitcoinDonationsJapan

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Comments

comments

Filed in: Bitcoin Buzz Tags: ,

You might like:

Ethereum Meets Zcash? Why IPFS Plans a Multi-Blockchain Browser Ethereum Meets Zcash? Why IPFS Plans a Multi-Blockchain Browser
Bitcoin hits all-time high in trading against the dollar Bitcoin hits all-time high in trading against the dollar
Crunch time for bitcoin as it faces last chance to go mainstream Crunch time for bitcoin as it faces last chance to go mainstream
Federal Agents Raid Bitcoin Trader’s Home And Seize Cryptocurrency Assets Federal Agents Raid Bitcoin Trader’s Home And Seize Cryptocurrency Assets
The Biggest Bitcoin News No One Is Talking About The Biggest Bitcoin News No One Is Talking About
Bitcoin and Ether prices hit all-time high Bitcoin and Ether prices hit all-time high
Why swarm intelligence enhances business and Bitcoin Why swarm intelligence enhances business and Bitcoin
Markets Update: Bitcoin Price Rise Climbs to Uncharted Territory Markets Update: Bitcoin Price Rise Climbs to Uncharted Territory
© 2017 Virtual Mining Bitcoin News. All rights reserved. XHTML / CSS Valid.
Email
Print