Pledge, a fundraising platform, has developed “PledgeCrypto,2/51,” which enables non-profits to collect crypto donations in over 130 cryptocurrencies, including Bitcoin, Ethereum, and Tether, and then convert them to fiat money.
PledgeCrypto is a fundraising platform that allows NGOs to collect crypto donations in more than 130 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), and then convert them to fiat money.
Ariana Grande, a well-known music artist and outspoken campaigner for transgender rights who also founded her own charity, Protect and Defend Trans Youth Fund, has committed to match up to $1.5 million in donations. Grande is raising funds for LGBTQ groups that advocate for and directly serve transgender youngsters.
According to the statement, PledgeCrypto is a free, fully-integrated fiat and cryptocurrency giving platform that delivers funds to certified non-profit organizations. It does not necessitate any technical skills, cryptocurrency wallet competence, or KYC documentation.
According to Pledge CEO James Citron, over 300 million people globally possess bitcoin and intend to utilize it to fund causes that are important to them. Other charity partners for Pledge Crypto, in addition to Ariana Grande’s campaign, include The Boys and Girls Club of Metro Los Angeles, Big Brothers and Big Sisters LA, Streetcode Academy, Worthy of Love, Safe Place for Youth, CoachArt, Goodie Nation, and Taraji P Henson’s Boris Lawrence Henson Foundation.
To mitigate the environmental impact of cryptocurrency mining and transactions, Pledge has also established a method that allows each crypto transaction to contribute to verified carbon offset programs via the United Nations Climate Neutral Now Initiative.
The year 2021 will be remembered as the year that digital assets reached new all-time highs; yet, it was also the most successful year for crypto charity to date. Crypto contributions in 2021 will amount $69.6 million, up from $4.2 million in 2020. During the same time span, the volume of crypto donations increased by 1,558 percent, or roughly 16 times.
Ukraine’s government officials collaborated in March with cryptocurrency exchanges FTX and Kuna, as well as staking provider Everstake, to build a contribution platform for anyone who want to donate Bitcoin (BTC) and other cryptocurrencies to aid in the struggle against Russia.