Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Dociko on November 04, 2021, 02:49:38 PM
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Charities are becoming more receptive to crypto donations thanks to the mainstream adoption of Bitcoin and other digital assets. Blockchain-based nonprofit organization Endaoment has raised more than $7 million for charities in its first year of operations, marking another major milestone for the rapidly growing cryptocurrency donations industry.
Endaoment’s donor-advised funds, or DAFs, have been distributed to more than 100 nonprofits over the past year, the company announced Thursday. Endaoment said it has distributed roughly 60% of donated funds over that period, which is considerably higher than the average of around 22% for traditional DAFs. Endaoment president and CEO Robbie Heeger credited the efficiency of on-chain technology as well as best practices for the high distribution rate.
Source: Cointelegraph
(https://cointelegraph.com/news/endaoment-raises-7m-for-nonprofits-in-its-first-year-as-crypto-donations-thrive)