Crypto Folk Are Generous! (And Also Love Tax Breaks)

TL;DR

• Charities have used The Giving Block platform to collect a cool $2B+ of crypto donations, in 2024 alone!

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We love ending our week with some feel-good-news…

Top US charities are accepting cryptocurrency for donations and are finding major success!

It may seem off kilter to mix charity and crypto - but it's been working out splendidly:

Most charities accept stock donations, just as they would take cash. But! The process is pretty manual: 

Someone donates stock → the charity accepts it → manually sells it → waits for cash → gets cash → manually adds gift & donor into their CRM platforms. 

Sounds exhausting. 

But! In 2018, The Giving Block was founded, which made it easier to accept crypto as a donation, than it is to accept stocks. 

And, like we said, it’s panning out pretty darn well. 

Charities can accept crypto payments and have them automatically convert into US dollar equivalents (no tedious manual processes, no paperwork).

And since The Giving Block’s founding, 56% of top charities have integrated it — using the platform to collect a cool $2B+ of crypto donations, in 2024 alone!

We love to see it!