Citing Engiven charity platform founder James Lawrence, Turner Wright reports in cointelegraph.com that "the average donation on Engiven using a credit card since 2011 has been roughly $150, while that of any cryptocurrency is $7,500."
Engiven is a crypto charity platform that has helped Salvation Army, religious groups and other non-profit organizations receive donations in cryptocurrencies.
Lawrence said that “Cryptocurrency may be tricky to understand, but the value of a major crypto donation converted into cash is not."
“In its current state, crypto donations are both an effective donation and a significant tax deduction, if the donor has appreciated crypto they’ve owned for more than a year. It’s not uncommon to see five or six figure donations to ministries on our platform.”
Source credit and full story - https://cointelegraph.com/news/charity-platform-expects-significantly-larger-crypto-than-fiat-donations-for-giving-tuesday
Like I mentioned in my earlier posts how the crypto and blockchain are going to transform everything in our life. This is another example of how charity benefits from crypto.
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