{"id":388,"date":"2021-12-03T14:22:37","date_gmt":"2021-12-03T14:22:37","guid":{"rendered":"https:\/\/www.donatecryptocurrency.net\/?p=388"},"modified":"2021-12-03T14:45:40","modified_gmt":"2021-12-03T14:45:40","slug":"donate-crypto","status":"publish","type":"post","link":"https:\/\/www.donatecryptocurrency.net\/donate-crypto\/","title":{"rendered":"Donate Cryptocurrency"},"content":{"rendered":"

Learn How To Donate Crypto<\/a><\/h2>\n
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Donate Cryptocurrency Philanthropy<\/p><\/div>\n

Back in 2017, the use of cryptocurrency for charity was tested by the Pineapple Fund<\/a>, a philanthropic organization founded by an anonymous crypto investor referred to as “Pine.” Pine contributed $55 million in bitcoin to 60 charitable groups that focused on various issues like social justice, the environment, mental health, and homelessness.<\/p>\n

Since then, people and organizations have increasingly turned to cryptocurrency to make charitable donations. For instance, philanthropic groups such as United Way and the international Red Cross now accept crypto contributions.<\/p>\n

Alleviating poverty through direct community donations of cryptocurrencies has been the mission of GiveCrypto.org since 2018. Then, UNICEF became the first United Nations agency to own and use cryptocurrencies through a dedicated Cryptocurrency Fund<\/a> in 2019. A total of eight bitcoin and 2,267 ETH<\/a> (amounting to more than $5 million) have been donated to the UNICEF Cryptocurrency Fund as of April 6, 2021. Additionally, a newly launched giving platform called Daffy<\/a> sends all donations to charitable organizations in cash and allows donors to select from Daffy’s network of over 1.5 million organizations.<\/p>\n

As a result of crypto’s unique technological innovation, donors can contribute from any place on Earth instantly and anonymously without suffering hefty fees, improving the efficiency, equity, and convenience of philanthropic activities<\/p>\n

Donating Cryptocurrency<\/h3>\n

Cryptocurrency Donations May Be Less Expensive for Non-Profits To Process<\/strong><\/p>\n

\"donateThe 2020 Global Trends in Giving Report<\/a> found that 63% of donors around the world choose to donate online using debit or credit cards. However, Charity Navigator<\/a>, a non-profit that evaluates online donation processing providers, estimates processing fees on credit card payments can range from 2.2% up to 7.5 %, reducing the amount of money that charities actually receive.<\/p>\n

What kind of impact might this have? Let’s suppose you wanted to make a $1,000 donation to the charity of your choice.<\/p>\n