The Rise of Crypto Donations
In an age where digital currencies reign supreme, crypto donations are emerging as a powerful tool for charitable giving. Organizations like Engiven are at the forefront, facilitating significant contributions to various causes, from the Salvation Army to small local charities. As we approach Giving Tuesday, the buzz around crypto donations is louder than ever. It’s like ringing a charity bell, except this one’s powered by Bitcoin!
What Makes Tomorrow Special?
Giving Tuesday, celebrated on the Tuesday after Thanksgiving, is when people open their hearts and wallets to support numerous causes. This year, Engiven anticipates that not just your average Joe, but also organizations and religious groups, will experience noticeable jumps in crypto donations, fueled by the skyrocketing values of Bitcoin and other cryptocurrencies.
Expected Outcomes for Giving Tuesday
James Lawrence, Engiven’s founder, predicts that crypto donations could triple in volume this Giving Tuesday. Why? Because the average donation through crypto stands at a whopping $7,500 compared to a mere $150 for traditional credit card contributions. When it comes to donations, it’s clear that a crypto approach offers a bigger bang for the buck!
Real Impact: The Power of Cryptocurrency
Cryptocurrency isn’t just a new trend; it has practical benefits. For one, donors can enjoy significant tax deductions, especially those who have held their digital assets for over a year. Lawrence reveals that Engiven has processed donations to over 400 faith-based organizations, boasting figures that can make your jaw drop—like that single $10 million Bitcoin donation. It’s like winning the lottery but for charity!
Securing Future Donations
With a forward-looking view, Lawrence mentions that, “Cryptocurrency may be tricky to understand, but the value of a major crypto donation converted into cash is not.” This perspective is crucial as organizations adapt to the changing landscape of donations. Overall, it’s trendy, it’s new, and it’s taking the charitable world by storm.
Get Ready for the Holiday Season
The Salvation Army, one of the largest charitable organizations worldwide, is revitalizing its fundraising efforts this holiday season with its “Crypto at the Red Kettle” initiative. They are joining the digital currency bandwagon by accepting Bitcoin and Ethereum. Just think: last year, some folks couldn’t drop coins into the red kettles due to lockdowns, but this year? They can click-to-donate!
The Bigger Picture: Non-profits Adapting to Change
The Giving Block, another platform dedicated to crypto donations, has set an ambitious goal of surpassing $100 million in contributions. With several non-profits gearing up for this year’s Crypto Giving Tuesday, the cultural tide in charitable giving is undeniably shifting. Lawrence notes, “Today, no faith-based organization or non-profit can afford to neglect its online audience… Crypto is rapidly becoming part of that online ecosystem.”
Final Thoughts
As we gear up for Giving Tuesday, it’s evident that crypto donations are not just a neat fad. They represent a new chapter in charitable contributions, one where technological advancement meets genuine compassion. It’s time to embrace the future of giving—let’s not just change the world; let’s change the way we do it! #CryptoIsGood♥️
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