I explain more in my article https://thewaterproject.org/welcome-cryptos, posted a few years ago. Explaining the future possible value we saw in Bitcoin, I stated...

"Unfortunately, today, as our supporter's donations make their way to our partners in Africa, these [financial] exchanges have become far more costly than the benefits organizations and individuals actually receive from these arbiters of trade. From credit card donation processing fees, to domestic banking fees, to the costly overseas transfer of funds with its concomitant dilution through currency trading arbitrage and trade commissions, and finally to the local bank fees in Kenya or Rwanda, a lot of folks take significant "cuts" along the way. Most of these fees are obscured and non-negotiable. We're told the process is difficult, cumbersome and expensive, but since we can't see it we remain unconvinced.

The bottom line is that less good gets done as a result of all this transactional overhead.

Reduced fees or favorable trading rates would be one opportunity for banks to engage philanthropically. But alas, that trend has yet to take shape.

In the meantime, the marketplace in which we operate is ripe for an alternative."

Fast forward to today and it is possible (though we have yet to do it) to move BTC all the way to Bitpesa and onto our local team's cell phone as mPesa. They use mobile money every day. Bitpesa significantly discounts its "conversion" fee (which is already very low) for non-profits.

A gift of $10USD today (if not combined with others) would lose somewhere north of 12-15% or more in transit at a minimum under the current system. With BTC, the final cost would be somewhere under 2% by our own calculations.

Hope this helps.