ARLINGTON, Va., Dec. 21, 2021 /PRNewswire/ — Charities that are accredited by BBB Wise Giving Alliance (BBB WGA) will now be able to accept 50+ cryptocurrencies as charitable donations powered by The Giving Block.
BBB WGA’s blockchain-based donation and engagement platform, GiveSafely.io will integrate with The Giving Block to become the go-to place for donors to donate (cryptocurrency and cash) and engage with trusted charities. The platform is only open to BBB WGA Accredited Charities and uses blockchain technology to enable peer-to-peer relationships with charities, safeguard donor data, and reward donors for sharing information about themselves.
Art Taylor, President & CEO, BBB Wise Giving Alliance, notes that “As cryptocurrency is becoming a growing contribution alternative, we are excited to work with The Giving Block, a leader in crypto-philanthropy, to expand the tools available to donors and charities on our blockchain-based donation platform, GiveSafely.io.”
- The Giving Block reports that donations of cryptocurrency to charities, as well as the number of charities who can receive cryptocurrency donations, have risen more than ten-fold since last year.
- A BBB WGA survey of 2,000 adults showed that 73% of Americans who own cryptocurrency indicate that they would consider making donations to charities using this form of payment.
“With the erosion of public trust in institutions, it’s important now more than ever to make sure that donors and charities engage in new fundraising models wisely and effectively,” said Alex Wilson, co-founder, The Giving Block.
About BBB Wise Giving Alliance: BBB Wise Giving Alliance is a standards-based charity evaluator that seeks to verify the trustworthiness of nationally-soliciting charities by completing rigorous evaluations based on 20 holistic standards that address charity governance, results reporting, finances, fundraising, appeal accuracy and other issues. GiveSafely.io is a program of the BBB Wise Giving Alliance that uses blockchain technology to protect donors’ personal data when donating to trusted charities. Charity Reports produced by BBB WGA are accessible at Give.org.
About The Giving Block: The Giving Block is a platform that enables nonprofits to accept cryptocurrency donations and works directly with crypto companies and users to donate to their favorite causes. For more information, visit TheGivingBlock.com
SOURCE BBB Wise Giving Alliance