WASHINGTON, Sept. 20, 2021 /PRNewswire/ — The Giving Block, the main crypto donation resolution for nonprofit organizations and particular person donors, introduced it’s on tempo to course of over $100M in cryptocurrency donations in 2021 and tasks $1B in cryptocurrency donations to be processed in 2022, with quite a lot of main partnerships set to go reside beginning in This autumn forward of Giving Season.
The Giving Block is devoted to unlocking the total philanthropic affect of crypto by empowering nonprofit organizations to securely and compliantly settle for cryptocurrency donations, and enabling people to simply give crypto to their favourite charities worldwide. The Giving Block helps donations in Bitcoin, Ethereum, and over 40 extra widespread cryptocurrencies, and actively companions with main crypto corporations, NFT tasks, and conventional establishments to carry their charitable initiatives to life.
Crypto Philanthropy is Taking Off…Like a Rocket Ship
Whereas DeFi and NFTs have stolen the highlight, crypto philanthropy is quietly having a second in 2021 and The Giving Block has led the cost:
- 1000% enhance in particular person cryptocurrency donations in 2021: The Giving Block has processed over 10,000 donations to-date from people, crypto tasks, and different organizations.
- Over 90% of nonprofit organizations that settle for cryptocurrency donations use The Giving Block: Crypto giving at 500+ charities, foundations, universities, faith-based, and institutional organizations is now powered by The Giving Block.
- Nonprofit organizations utilizing The Giving Block have raised a mean of $50k+ in cryptocurrency donations in 2021: Extra nonprofit organizations than ever have added cryptocurrency donations to diversify their fundraising choices and are seeing robust progress this 12 months.
The Giving Block’s Co-Founder, Pat Duffy, commented, “After we began The Giving Block in 2018, donating crypto was new and there was restricted infrastructure to assist it. Right now, ‘crypto merchants’ are the quickest rising donor demographic and the variety of main nonprofit organizations that settle for cryptocurrency donations has skyrocketed. We see a future the place cryptocurrency donations are a staple of each nonprofit group’s fundraising technique.”
Investing in Expertise, Development, and Tradition
In 2021, The Giving Block staff has grown from 6 to 30 workers, together with the latest hirings of business veterans Ben Pousty (Constancy, Circle, Paxos, Bitstamp) as Head of Development and Duke Kim (Bloomberg, Lukka, Celsius) as Head of Crypto Partnerships. It’s persevering with to develop its staff additional, with goals to exceed 40 employees by the end of the year.
“We’re excited to develop our staff to assist meet the wants of modern-day fundraisers. Nonprofits are accepting crypto donations at a fast tempo in an effort to fill funds shortfalls from COVID and diversify their donor bases,” mentioned Alex Wilson, The Giving Block’s co-founder. “As we develop, we can even proceed to coach the cryptocurrency group about how donating crypto is among the best methods to cut back their taxable good points whereas additionally supporting their favourite causes.”
With enthusiasm and assist for crypto philanthropy rising every month, The Giving Block anticipates a standout finish of 12 months efficiency by nonprofits accepting crypto donations, and is optimistic in its 2022 outlook.
About The Giving Block
The Giving Block makes Bitcoin and different cryptocurrency fundraising simple for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto know-how to realize their mission. Uncover why cryptocurrency is the quickest rising donation technique for Millennial and Gen-Z donors, at TheGivingBlock.com.
SOURCE The Giving Block