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The giving Block: Philantrophy platform using crypto for good

Bitcoin

TL;DR Breakdown

  • The giving block changing narrative bad actors use crypto most.
  • Platform helps charity and organizations raise funds for humanity cause.

One of the primary reasons an average crypto bear dislikes cryptocurrency is because the digital asset is ‘usually’ used by bad actors for many anti-state activities, including terrorism financing and illicit payments.

However, The Giving Block is a philanthropy platform changing that narrative in its new industry where it deploys crypto to help humanity.

The crypto charity organization provides leading solutions for nonprofits to accept crypto and a platform for donors to give cryptocurrency to their favorite causes. The Giving Block opens new revenue streams for charitable organizations while reducing the crypto tax burden for donors.

What The giving block does

Per a statement sent to Cryptopolitan by the charity organization, from charities and churches to universities and foundations, The Giving Block provides the tools and services to help any nonprofit turn crypto donations into a consistent and transformative revenue stream, with hundreds of their nonprofit clients raising $100,000 or more in crypto each year.

The platform is the first crypto philanthropy firm to venture into such humanity cause. It is on track to process over $1B in crypto donations in the next 12 months. The Giving Block’s Crypto Philanthropy programs are also one of the fastest-growing revenue channels for more than 700+ leading nonprofits and crypto funds, including United Way Worldwide, Save the Children, and the American Cancer Society, making them one of the most disruptive forces in charitable giving.

It has four initiatives intended to raise awareness and ease crypto donations over the next few weeks, including The Crypto Giving pledge, Crypto Giving Tuesday, Tuesday, and Cause fund.

The catch

The recent bull market in the crypto space has allowed many investors to make significant profits on cryptocurrency investments over the past year. The gains have led investors to the problem of how they would handle their profits without having to pay taxes on them.

It is worthy to note that most of these investors also are young, with many less than 40-year-old. Reportedly, they are inclined to put their gains to use for the good of humanity and the planet, which is a solution the giving block provides.

Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

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