Crypto Contributions Exceed $2B in 2024 as Top U.S. Charities Embrace Digital Donations
Leading charities in the United States are increasingly embracing crypto contributions amid the growing adoption of digital assets.
According to a recent report from BanklessTimes , two-thirds of the top U.S. charities have started accepting crypto contributions in 2024, resulting in over $2 billion in donations.
Per the report, 56% of the leading American non-profit organizations now enable crypto wallets and accept cryptocurrency donations.
Notably, 67.8% of charities that accept crypto donations utilize The Giving Block as their platform for crypto funding.
Since its inception, The Giving Block has facilitated over $2 billion in crypto contributions, highlighting the increasing comfort of individuals in donating cryptocurrencies.
Prominent organizations such as Save the Children, World Vision International, Water Aid U.S., and the American Red Cross have joined the ranks of charities accepting crypto donations.
USDC was the most-donated cryptocurrency In 2023, for a second year in a row.
ETH donations came in second this year, with BTC donations just behind in third place.
Honorable mentions: USDT, GALA, SOL and many more. pic.twitter.com/XcDrFEMBBo
— The Giving Block (@TheGivingBlock) February 29, 2024
By tapping into the crypto space, these entities are not only attracting a new base of donors but also expanding their fundraising capabilities by diversifying their revenue sources.
“As the value of various digital assets skyrocketed in recent years, a new wave of crypto-affluent individuals emerged, eager to leverage their newfound wealth for charitable purposes,” Jonathan Merry, CEO of BanklessTimes, commented.
Accepting and donating cryptocurrencies presents several advantages and opportunities for both
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