2 min read
Fundraising platform JustGiving has rolled out support for cryptocurrency donations, greatly increasing the number of ways that users can send funds to charities and fundraising campaigns.
The UK-based crowdfunding website's users can now make donations denominated in more than 60 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Dogecoin, the company said in a statement. The platform is offering the new donation option amid a resurgence in retail interest in cryptocurrencies.
Digital asset payments company The Giving Block is providing the infrastructure that allows JustGiving to accept crypto donations.
“Our goal is to make accepting cryptocurrency donations just as easy as taking any other online donations,” The Giving Block co-founder Alex Wilson said Monday in a statement. “Charities need to tap into this new donor demographic.”
JustGiving has been used to raise nearly $9 billion in donations over the past 24 years, and may be poised to rake in even more funds with its latest offering. Crypto-denominated donations have brought billions into charities’ coffers in recent years.
More than $2 billion worth of crypto has been donated in roughly the past five years, according to The Giving Block’s 2024 Annual Report. Meanwhile, the average crypto donation is roughly 40-times the size of fiat-denominated charitable offering, JustGiving said in its statement.
Edited by Andrew Hayward
Decrypt-a-cookie
This website or its third-party tools use cookies. Cookie policy By clicking the accept button, you agree to the use of cookies.