The Big List: Charities Embracing Change with Bitcoin and Cryptocurrency Donations

cryptonews.com:

Charitable giving occurs year round, yet end of year donations especially tend to resonate with donors. Recent statistics from digital marketing agency Nonprofits Source found that 30 percent of annual giving occurs in December. Findings further show that 10 percent of annual giving occurs during the last three days of the year.

Therefore, it shouldn’t come as a surprise that crypto holders may be looking to donate cryptocurrency as the year comes to a close. Crypto donations could even reach new highs in 2023 due to recent price increases seen in Bitcoin (BTC), Ethereum (ETH) and other well performing digital assets.

While crypto donations may not yet be as common as traditional giving methods, it’s notable that a number of charities have started to accept cryptocurrency. Zoe Nawar, head of Web3 partnerships at The Giving Block – a crypto and non-cash asset fundraising platform – told Cryptonews that thousands of charitable organizations currently support cryptocurrency. She said:

“These include local food banks, along with some of the largest nonprofits in the world like St. Jude Children’s Research Hospital, Feeding America and United Way Worldwide. And despite some of the misconceptions about the cryptocurrency sector’s carbon footprint, more and more environmental organizations have embraced crypto philanthropy and are seeing positive outcomes from individual donors and charitable NFT projects.”

According to Nawar, The Giving Block currently supports 1,788 nonprofit organizations worldwide, allowing crypto donors to easily donate cryptocurrency online. This is important to note, as Nonprofits Source further found that 51 percent of high-wealth donors prefer to give online. Although this pertains to traditional donation