American charities are experiencing a windfall thanks to a new kind of currency: cryptocurrency. By accepting donations in crypto such as Bitcoin, Ethereum, and other digital assets, non-profits are witnessing a surge in contributions, streamlining processes, and reaching new donor demographics.
This year alone, the two largest US charities have reportedly raised over $2 billion through crypto donations, according to a recent report by Bankless Times. This represents a massive leap from the $125 million collected in donations throughout 2022. The Giving Block, a platform facilitating digital currency donations for charities, has been instrumental in this shift.
Crypto Donations: A Boon For Efficiency And Convenience
The rise of crypto donations offers several advantages for both charities and donors. Platforms like The Giving Block simplify transactions, allowing donors to bypass complex international money transfers. This expedites the process and ensures donations reach
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