[Analysis] Bitcoin could change the game for foreign aid - Alex Gladstein

CSO at the Human Rights Foundation Alex Gladstein thinks Bitcoin ($BTC) is the future of humanitarian aid. Foreign aid is more middlemen and third-party pick-pocketing than helping the poor Samaritan, with a 2012 estimate from the UN Secretary-General Ban Ki-moon claiming 30% of developmental assistance does not reach its intended destination. Overhead, administration costs, time delays, and infrastructural issues only add to the long list of headaches governments, NGOs, and others face. But the rise of the smartphone and Bitcoin points towards a new streamlined system that is both censorship resistant and borderless. With local currency off-ramps expanding in availability, the future of humanitarian aid is dawning.