Motiv is a nonprofit organization that uses Bitcoin to aid systematically oppressed communities in achieving financial security. The company reported that it has started a number of programs in Peru, where it has already developed 16 circular economies using Bitcoin.
Motiv implements the concept of providing training and programs to underprivileged communities so they may use Bitcoin as their currency in the absence of centralized banks.
Based in the U.S. with operations in Peru, the Motiv team ultimately strives to offer “opportunity, not charity” for underprivileged individuals and communities around the world.
Motiv was established in July 2020 with the goal of using Bitcoin as a tool to assist those in need. The activities offered by Motiv include educating and training merchants on how to use Bitcoin, keeping people engaged and informed about developments within the community, and educating people about Bitcoin while helping them learn new skills. These efforts aim to build the foundation for a circular Bitcoin economy.
CEO and co-Founder of Motiv Richard Swisher explains that unlike many organizations that give money to individuals in need, doing so may only be a temporary fix for those who lack the education and training necessary for longer-term sustainability.
As Bitcoin gains a toehold in impoverished communities, we are pleased to see the increase of adoption and excitement emerge from its citizens as new businesses are formed using Bitcoin, and more people become engaged with the currency by using it in their daily lives.
The foundation was founded by Swisher and Valentin Popescu after they visited a community in the Peruvian Andes Mountains that was cut off from the rest of the world.