Singapore Red Cross – a humanitarian aid and community services charity in the Asian city-state – allows people to contribute to its cause through donations in digital currencies.
The option became possible after a partnership between the organization and the crypto payment gateway Triple-A.
‘Coin is a new Way of Giving Today’
The charitable entity Revelation that individuals willing to make such donations can put in a fiat amount, and the system will automatically convert the crypto amount. The Singapore Red Cross currently accepts some of the largest digital assets by market capitalization, including Bitcoin (BTC), Ethereum (ETH), USDT, and USDC.
“We do not have any preferred cryptocurrency, and we accept any of the cryptocurrencies stated above,” it clarified.
The organization explained that this type of contribution is not tax deductible at this time. People who want to get such deductions should donate by credit card.
The Singapore Red Cross says that each crypto handout will support its humanitarian efforts focused on improving the welfare of children, isolated elderly, people with disabilities, and families from the poor. origin.
“Set up a new way to give today, your support will go a long way,” the entity emphasized.
Other Charity Organizations Accepting Crypto Donations
Nicklaus Children’s Hospital Foundation – a non-profit charity based in Florida that aims to provide better health care for children – APPROVED people will send crypto contributions in October 2021. People can make donations using different assets, such as BTC, ETH, BCH, LTC, DOGE, etc.
The American breast cancer organization – Susan G. Komen (better known as Komen) – and the National Children’s Advocacy Center are two other examples. The former together with The Giving Rock at the end of 2021 to give donations in more than 50 cryptocurrencies.
The latter made a similar move in November 2022, BECOMES the first non-profit in Huntsville, Alabama, to accept such handouts. Supported coins are more than 90, because those who want to contribute to crypto are covered by tax benefits.
“For us, it equates to a monetary donation that turns into therapy time for the kids, parenting classes, medical check-ups. It turns into hope and healing and justice for the kids who have been hurt by people who need to take care of them,” said Crypto-project Coordinator – Hannah Alderson.
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