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
Creditbit Price Falls, Community Remains Unfazed
Creditbit has finally succumbed to the current Crypto market trend of crypto prices falling. The Cryptocurrency prices are down and especially the altcoins or anything associated with Ethereum has
DECENT Announces the Launch of its Content Platform and DCT Tokens
DECENT, the Swiss digital content distribution platform, is set to launch on June 30, 2017, following its highly successful ICO last year which raised 5,881 BTC. DECENT, a peer-to-peer content
DASH/USD and LTC/USD Technical Analysis June 26, 2017
DASH/USD and LTC/USD Technical Analysis June 26, 2017 DASH/USD DASH continues to look bullish as we rallied on Friday, reaching the $190 level. Itâs likely that we will go looking for the $200
Ethereum Classic Price Technical Analysis – ETC/USD Breaks Key Resistance
Ethereum classic price is trading well against the US Dollar and Bitcoin, and ETC/USD is holding a major support area above $17.60-50. There were declines in ETC price earlier this past week
BTC/USD and BTC/JPY Technical Analysis June 26, 2017
Hello and welcome to News BTCâs Market Outlook June 26. BTC/USD Bitcoin initially tried to pull back slightly on Friday, but bounced higher as it looks like we are going to head to the 2800
Ethereum Price Technical Analysis – ETH/USD Clears Major Support
Ethereum price continued to trade lower against the US Dollar and Bitcoin, and it looks like ETH/USD may continue to face sellers as long as it is below $300. It looks like a major correction wave
ETH/USD and ETH/BTC Technical Analysis June 26, 2017
Hello and welcome to News BTCâs Market Outlook June 26. ETH/USD Ethereum markets rallied a bit during the day on Friday, as we continue to find a certain amount of bullish pressure underneath.
Creditbit Price Technical Analysis – Can CRB/BTC Hold 0.00025BTC?
Creditbit price is declining and facing a lot of sellers against the US Dollar and Bitcoin, but CRB/BTC is now testing a major support area at 0.00025BTC. It looks like there is no stopping