New Zealand charity Heart Kids has received three cryptocurrency donations totalling over $2,000 in two months. Chief Executive Mark Longbottom said it was a potentially lucrative source of revenue not affected by the global pandemic.
With traditional fundraising activities being disrupted because of Covid-19 last year, and a desire to attract younger donors, Heart Kids decided to investigate cryptocurrency. It was the first local charity to sign up with The Giving Block, a United States-based company, to receive donations in Bitcoin and other cryptocurrencies. The charity doesn’t hold Bitcoins: Donors engage with The Giving Block, and US cryptocurrency exchange Gemini changes their Bitcoin or other cryptocurrency into cash, which is then deposited into the charity’s account within 24 hours. Click the link below to read more:
In the UK, an increasing number of charities have developed the technology to accept donations through digital cryptocurrencies. This presents huge opportunities to boost income and donations, through accessing an increasingly popular form of currency that can be transferred easily. However it can also present difficulties around security and complexity. Read more about the benefits and challenges of cryptocurrency by clicking the link below:
Charities using cryptocurrencies in the UK (Charity Digital)