Donating Using Crypto

Hello All Crypto Lovers,

There are a lot of use cases for crypto. Crypto is being used to buy sell goods, perform financial transactions and more. But do you know that you can also make some donation in Crypto ?

A lot of Charity organizations accept crypto. Pineapple Fund is one of the way to donate.

Quote from the website :

Pineapple Fund was an experiment in philanthropy with cryptocurrency wealth. What happens when your 'play-money' becomes a treasure chest, and you're past the satiety point of money?

As per the details on website, they have helped people and donated 5,104 BTC, to 60 organizations. This is approximately $55,750,000.

Why you should donate in Crypto ? If you have some crypto and want to donate something to any charitable organization, donating in Crypto itself make more sense. Why ? because if you convert he crypto to so other currency like US dollar and you donate in Dollars, you will have to may capital gain tax but if you pay in crypto, you won't have to pay the tax. This means more money makes to the charitable organization.

There is a very good article on this topic on Coinbase here

This link also have the details on a lot of charitable organizations who accept Crypto and the way people can donate to them.

Posted Using LeoFinance ^Beta