{"id":5567,"date":"2023-03-03T17:04:58","date_gmt":"2023-03-03T17:04:58","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=5567"},"modified":"2023-03-03T17:09:45","modified_gmt":"2023-03-03T17:09:45","slug":"crypto-philanthropy","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2023\/03\/03\/crypto-philanthropy\/","title":{"rendered":"Crypto Philanthropy: Which charities and countries facilitate crypto philanthropy?"},"content":{"rendered":"
With the growth of cryptocurrencies worldwide, the prevalence of crypto philanthropy has increased. Digital currencies like Bitcoin and Ethereum are becoming more and more mainstream by the day. Although they differ from traditional currencies, lacking government backing, these digital forms of money are now being used to make donations to charities.<\/p>\n
Crypto philanthropy is the act of making donations to nonprofits using cryptocurrencies like Bitcoin and Ethereum, instead of making traditional cash payments. The Giving Block, a cryptocurrency fundraising platform, reported almost $70 million in crypto philanthropy donations in 2021, an increase of 1,558% from the previous year.<\/p>\n
Given the rise in the use of cryptocurrency for charity donations, Bitcoin Casinos<\/a> looked at the types of charities accepting alternative currency donations, and where in the world and the US is leading the charge in terms of crypto philanthropy.<\/p>\n <\/a><\/p>\n Charities for children and young people often work to support vulnerable young persons in society. From helping with their medical needs to providing food and education, these charities work to better the lives of vulnerable youths. There are almost 600 charities working for children and young people which accept cryptocurrency donations on the Giving Block – more than any other type of charity. These include the World Stop Stuttering Association<\/em> which helps to improve fluency and communication among young people who experience stuttering and Dolly Parton\u2019s Imagination Library<\/em> which is a global book gifting service aiming to inspire a love of reading.<\/p>\n Charities committed to the betterment of education often provide grants and bursaries to those in need and can work in association with schools and colleges. These charities often support formal education and training, including vocational training and long-term learning. There are 535 non-profit organizations that are committed to improving access to education and training currently accepting cryptocurrency donations on The Giving Block, including SolarBuddy<\/em>, helping children in poverty access education.<\/p>\n Medical charities are among the top types of nonprofit organizations that accept donations in the form of cryptocurrency. Charities for health and medicine usually work to assure those who require access to healthcare and medicine are provided with the necessary treatment. On the Giving Block, there are 417 health and medicine charities worldwide that accept cryptocurrency donations. These include Smile Train, Inc. which supports cleft care for over 1.5 million children, and Mental Health America<\/em>, addressing the needs of those living with mental illness.<\/p>\nWhat types of charities accept cryptocurrency?<\/h2>\n
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