What would the impact be if people could donate crypto to charities? First and foremost it will be recognition from the charities part that crypto currency is a real currency. It will also portray the average crypto currency user as a ânormal human beingâ that had the brains, the guts and the will to do something different. So the peopleâs perception will change toward crypto currency users.
This recognition can go both ways. The media picks up on the fact that crypto will be accepted by charities and that it is a good thing. That way the crypto landscape will get some much needed positive media attention. The second possibility, and frankly the more likely, is that the media finds another way to scare people away from crypto. That way the charity âprojectâ will be just that a âprojectâ or a test run. Regardless of the outcome crypto will become more accepted when taking the âcharity routeâ.
In some countries people and companies can get a tax reduction if they give to charity. This can be a win-win for both the charities and the companies/ordinary people that make donations. The problem that can arise with the tax reduction is if crypto will be accepted as a âlegal form of donationâ. It probably will not be âlegalâ, or the institutions will not deem it âlegalâ per se, but there are ways to eliminate that obstacle. For example you can donate âreal moneyâ, like dollars or euros, and transfer crypto fund to your bank account.
Sometimes in the media crypto and the users of crypto currencies are being demonized. âTheyâ are evil, shady, child molesting people that use to buy drugs and other horrible things with crypto to infect âourâ way of life. That argument can also be raised by ânormalâ currencies like euro or dollar. Now if you look hard enough in the crypto landscape you will find individuals like that but you can also find these individuals in everyday life.
âIntroducing the American Red Cross to the Bitcoin community is really going to showcase the generosity of the Bitcoin enthusiasts. It is also a great opportunity to show the world that Bitcoin, and the companies that are accepting Bitcoin arenât bad or shady companies. Furthermore the Bitcoin users are extremely passionate people who are looking to put their bitcoin towards good causes. Iâm sure the community will be excited to have such an established charity to donate toâ, said Elizabeth Ploshay to Bitcoinist. Miss Ploshay runs the nonprofit outreach for BitPay.
The Red Cross is one of the largest and most recognized humanitarian organizations. The organization has multiple and varying ways for individuals to donate. However this will be the first time they will be accepting Bitcoin donations using BitPay. BitPay also enables Bitcoin donors to donate varying amounts, including small donations, opening up a new way to give for people who may be on limited budgets.
âThe Red Cross is thrilled to partner with BitPay to offer a different way for generous donors to support our humanitarian mission. We know from the contacts we had with the Bitcoin community that these are very bright, intelligent and passionate people who have a good sence of morality. The media had done us a disfavor of not portraying the truth about digital currency. Because of a lack of well-educated journalists in corporate media we ignored the Bitcoin and digital communities in the past. But Iâm happy to announce that this will not be the case anymore,â said Jennifer Niyangoda, executive director of Corporate and Foundation Programs at American Red Cross. She continued by saying that âThis gives a new generation of supporters the opportunity to help people in need.â
You can donate here.
The Red Cross is one of many that are accepting Bitcoin. Helping others is wonderful. How do you donate using Bitcoin?
