U.S. Figure Skating Skates into the Future with Cryptocurrency Donations

Breaking the Ice: U.S. Figure Skating Goes Crypto

The slopes are not the only place where the U.S. Figure Skating Association is making waves. Recently, they announced an exciting partnership with Engiven, an enterprise-level donation platform, to accept cryptocurrency donations. Just when you thought figure skating couldn’t get any cooler, right?

A New Spin on Donations

Starting now, you can ditch the old-fashioned checks and cash and donate to U.S. Figure Skating using popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), and even Dogecoin (DOGE). Beyond the mainstream, they also accept stablecoins, including USD Coin (USDC) and PAX Gold (PAXG). It’s like giving a high-five… but with digital cash!

Tax Benefits? Yes, Please!

All those planning to dig into their crypto wallets can rejoice: gifts of cryptocurrency are eligible for tax relief! Donating isn’t just about feeling good anymore; it’s a win-win for your financial portfolio and the athletes striving for Olympic glory. As U.S. Figure Skating sweetly notes, these funds will help foster programming for their talented figure skaters. Cha-ching!

The Speedy Exchange

Worried about the volatility of crypto? Fear not! Engiven has got you covered. They automatically convert your beloved Bitcoins and other currencies into U.S. dollars almost instantaneously, so U.S. Figure Skating can get the funds without waiting for a market rally. It’s like express shipping—for donations!

Innovation on Ice

According to the organization’s executive director, Ramsey Baker, the decision to embrace cryptocurrency is a step into the modern financial landscape. Baker believes that by opening additional channels for donations, the organization is better positioned to support its athletes, clubs, and various skating initiatives. “We’re thrilled to provide innovative ways for our supporters to give,” Baker said, proving that U.S. Figure Skating is indeed skating into the future.

A Growing Trend

And let’s not forget, the trend of crypto donations isn’t just taking off in figure skating. Reports show that crypto donations across various sectors jumped nearly 16 times in 2021. Looks like crypto is dazzling more than just the ice!