Crypto Folk Are Generous! (And Also Love Tax Breaks)
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We love ending our week with some feel-good-news…
High US charities are accepting cryptocurrency for donations and are discovering main success!
It could appear off kilter to combine charity and crypto – but it surely’s been figuring out splendidly:
Most charities settle for inventory donations, simply as they’d take money. However! The method is fairly guide:
Somebody donates inventory → the charity accepts it → manually sells it → waits for money → will get money → manually provides present & donor into their CRM platforms.
Sounds exhausting.
However! In 2018, The Giving Block was based, which made it simpler to simply accept crypto as a donation, than it’s to simply accept shares.
And, like we stated, it’s panning out fairly darn nicely.
Charities can settle for crypto funds and have them mechanically convert into US greenback equivalents (no tedious guide processes, no paperwork).
And since The Giving Block’s founding, 56% of high charities have built-in it — utilizing the platform to gather a cool $2B+ of crypto donations, in 2024 alone!
We like to see it!
