Crypto Version of ‘Giving Tuesday’ Returns With 10X as Many Charities
While only 12 non-profits had signed up for the event last year, crypto donations platform The Giving Block said that over 120 such organizations will be taking part in this year.
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Crypto Giving Tuesday returns this year to connect bitcoin donors with over 1,000 nonprofits from various sectors.
Bitcoin Tuesday is aligning crypto awareness with public good in this one-day charity event. Bitcoin Tuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history. The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead Bitcoin Tuesday — a one-day event that promotes charitable giving via cryptocurrency. Some of the biggest names in crypto will participate in the event, including Cointelegraph, Gemini, Ledger and Blockfolio. Along with dozens of other blockchain....
In today's day and age, most people are completely unaware that many charities are charged a fixed transaction cost for every deposit into their bank account. Because of this, charities almost never see the entirety of donations given to them to help fight their cause or aid others. Also read: Bitcoin Microtransaction Advertisements Cause Issues for Some Bitcoin Websites. In order to raise awareness and provide philanthropists with a way to give every single bit of their donation to causes they care about, the Bitcoin Foundation, BitGive Foundation and Bitcoin Black Friday are teaming up....
Giving to charities has been one of the highlighted use cases of crypto-currency. The Dogecoin community is known for its philanthropic campaigns; some of the world’s largest charities have started accepting Bitcoin donations as well. Now, there is Charitycoin, a crypto-currency designed to incentivize Bitcoin donations. Charitycoin.co.uk has compiled a list of over 10,000 charities, including Amnesty International UK and The Salvation Army. Charitycoin will match each English pound worth of Bitcoin donated to one of the 10,000 charities with an equal donation through Just Giving, a social....
The benefits of blockchain technology are creating new operating models for many types of organizations. Charities, which manage large amounts of money, require complex accounting and conduct a lot of research, have much to gain from blockchain technology as digital transactions and smart technology increase. The Charities Aid Foundation (CAF), based in London, U. K., recently released a 20-page report, "Giving Unchained - Philanthropy and the Blockchain," which examines how blockchain technology will affect the way charities raise money and operate. The report presents an example of how....