An average of 3 bitcoin ATMs were being installed per day in September 2017. The Dogecoin Foundation, a charitable organization centered around Dogecoin and co-founded by Dogecoin co-creator Jackson Palmer, donated more than $30,000 worth of Dogecoin to help fund the Jamaican bobsled team's trip to the 2014 Olympic games in Sochi, Russia. The ... The fans raised money to sponsor NASCAR driver Josh Wise, help get the Jamaican bobsled team to the Olympics and for a Kenyan project called Doge4Water. They’ve even been committed enough to start a hashtag on TikTok as a way of getting people excited about DOGE. Since its creation, Doge has also been used to donate money to charities. These have included the 2014 Jamaican Bobsled team who couldn’t afford to get to the Sochi Winter Olympics, a Nascar driver named Josh Wise, and a clean water project in Kenya called Doge4Water. This giving spirit was echoed in its more ambitious fundraisers: in 2014, it raised over $30,000 worth of Dogecoin for the Jamaican bobsled team to participate in the Sochi Winter Olympics. The team had qualified, but couldn’t afford to get to Russia for the event. In the same year, the community launched two other initiatives. Doge4Water ... The Jamaican bobsleigh team has received more than $30,000 worth of dogecoins from what can only be described as a community meme-loving bobsleigh enthusiasts. But despite its humorous intentions, the coin’s community has, on occasion, participated in various charitable and philanthropic ventures. It helped raise $50,000 to send the Jamaican bobsled team to the Sochi Winter Olympics in 2014 and has helped fund clean water initiatives in Kenya. Bitcoin Donations Have Tax Benefits. Cryptocurrency has been used to help fund an Olympic team in the past. The most notable example is the Jamaican bobsled team in 2014 who received some Dogecoin. However, this is an official act by the USA Luge team, who are thinking long-term investment for future funding by accepting Bitcoin now.
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