2/9/22, 8:06 PM
The Rise of Crypto Donations - Team Reed Foundation | Houston, Texas
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THE RISE OF CRYPTO DONATIONS by Team Reed Foundation | Feb 2, 2022 | Blog, Charity, Houston, Team Reed Foundation
Charities and nonprofit organizations always feel the pressure to stay up with the times. For example, following the events of 2020, many nonprofits found ways to take in digital donations, strengthened their online presence, and even created virtual volunteer opportunities. Now, there’s another new trend for nonprofit organizations to follow. This latest trend may come as a bit of a surprise to many. There has been an increasing trend in crypto donations over the past year. Let’s take a closer look at what this means for nonprofits. What Is Cryptocurrency? Cryptocurrency uses digital files as a form of money. One reason cryptocurrencies have become so popular of late is likely due to the decentralized nature of the system. Additionally, those invested in the concept of cryptocurrency can mine for more, assuming they have the right computer parts to handle this process. Why Donate Cryptocurrency?
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