Trust in charities is declining, but blockchain technology has the potential to restore it.
The definition of charity is the selfless and voluntary giving of aid to those who need it. As cryptocurrency has spread all over the world, charity donations using virtual currencies are also gaining popularity among the community for a variety of reasons. For example, all currencies can be changed into Bitcoin online and transferred quickly with minimal fees. Some big charitable organizations, such as the Red Cross, have introduced the possibility of donating with Bitcoin. Also, there are a few platforms that allow making Bitcoin-donations. Besides that, Bitcoin funds have been created for donations and there are a range of digital coins for social goals, such as Clean Water Coin that is fundraising to provide all people with clean water, and Pinkcoin for making donations and gaining benefits from investments.
FTX Foundation employee Ross Rheingans-Yoo said he was not part of Sam Bankman-Fried’s “inner circle” and knew nothing about FTX’s fraud.10103
According to the researchers, people’s penchant to misinterpret patterns could be a boon for charitable organizations that accept cryptocurrency.7668
Blockchain-based philanthropy involves transparent, efficient and secure transactions, ensuring accountable and impactful giving.
Can blockchain technology actually help to improve transparency within charities?1525
PayPal filed a patent application for a system that lets users transfer and purchase nonfungible tokens.3386
The Giving Block matched more than $68,000 in crypto and fiat donations to raise more than $136,000 for a project aimed at assisting efforts following the fires in Maui.1839
Donate crypto to Children of Heroes and help support the youngest Ukrainians affected by the Russian invasion.7245
As the world moves toward a Web3-focused future, the debate remains: Do these technologies help or hinder our sustainability goals?17797
Tanzania gets a local crypto exchange to provide fiat off-ramp for crypto donations.8934
PactDAO co-founder Marisa Rando says the decentralization of mutual aid collectives is key to catalyzing activism and building stronger communities.3069
CryptoHarlem founder Matt Mitchell says government and corporate surveillance and citizens’ inability to protect against it are great threats to personal security.3583
Gala Music, a Web3 startup subsidiary, is launching 3,003 NFTs on April 14, with an unreleased version of David Bowie’s “Let’s Dance” included.9150
The Giving Block reported that USDC accounted for 44% of the crypto donation volume on its platform in the last year, followed by ETH (24%) and BTC (17%).3945
NFTs provide a simple, transparent and accessible way to help empower women in the Web3 era.13894