Donations made via crypto are fast, secure, and irreversible. They can be transferred almost immediately while avoiding the barriers of the traditional financial system. Here are a few reasons why you should consider donating through crypto.
1. Transparent payments
All the payments made through Blockchain can be traced back to their origins through a blockchain explorer. Anyone from the network can look up transactions of public addresses. Such a level of transparency will make NGOs accountable for using funds responsibly.
2. Borderless & instant
Worldwide accessibility and instant transfers make crypto donations effective amidst the global crisis. Recently, when a devastating earthquake hit Turkey, the global crypto community donated over $12 million to the affected people. That’s not all. Ukraine received over $70 million in crypto donations for its fight against Russia.
3. Private & anonymous
While crypto transactions can be traced, one cannot associate your real-world identity with your crypto address. This is important when you are donating to an NGO, as many people would prefer to keep their contributions anonymous.
4. Cheaper to process
The processing fees for credit/debit card payments range between 2.2 to 7.5 percent. When it comes to crypto, fees can be as low as 0.5% per transaction. In fact, there are a lot of crypto payment processors that do not levy any fees on donations. Thus, when you donate via crypto, there are no intermediaries in the transaction. Everything you pay goes directly to the NGO.
Crypto donations are fast, efficient, secure, transparent, and immutable. Let’s look at all the leading NGOs accepting crypto donations worldwide.
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