Friday, January 21

Cryptocurrency donations grow 583% in 2021


Hosted by The Giving Block, the event called Crypto Giving Tuesday — Tuesday to Donate Cryptocurrencies, literally translated — saw a 583% increase in donations compared to last year. In total, donations surpassed the 2.4 million dollar mark (BRL 13.66 million).

Other charity programs like the Binance Charity and yes FTX Foundation it also focuses on doing good with cryptocurrencies. As an example, Binance has raised $7.2 million to fight Covid-19, in addition to millions in other projects.

Going further, other projects such as Wikimedia, maintainer of Wikipedia, also accept donations with cryptocurrencies. Some of these institutions depend solely on such donations to exist.

Number of donations increased a lot

The Giving Block’s goal with this event is to accelerate the adoption of cryptocurrencies as well as help Non-Governmental Organizations (NGOs) and individuals. More information about the participants can be found on Twitter, with the hashtag #CryptoGivingTuesday or on the TGB website.

In addition to the 583% growth in the amount donated by users, the report TGB also points to a growth of 839% of organizations participating in the program.

Estatísticas do Crypto Giving Tuesday. Fonte: The Giving Block

Other statistics also show that, unlike the previous two years, people donated more Ethereum (ETH) than Bitcoin (BTC) in 2021. Of the 2.4 million dollars, 1.2 million was ETH, 885,000 in BTC and 294 thousand in USDC.

Sites that accept cryptocurrency donations

For those who were unaware of the event and wish to donate, The Giving Block website is always operational and allows you to choose which institution you wish to donate to. They accept about 60 different cryptocurrencies, including BTC, ETH, DOGE and SHIB.

In addition to charitable donations, as in the case above, there are several other sites that accept, and some rely on, cryptocurrency donations.

As an example we can mention open source software LibreOffice, which serves as a free alternative to Microsoft programs, the Blender, a free 3D video and image editing software, as well as GIMP that competes with the Photoshop giant.

Finally, there is also the option to donate to the Wikileaks, one of the first organizations to use Bitcoin, and the Freedom of the Press Foundation, focused on protecting journalists around the world. Another important institution is the Human Rights Foundation, which also accepts Bitcoin as a donation.

Programs like these are great for accelerating the adoption of Bitcoin, and other cryptocurrencies, as well as disproving the fallacy that BTC is only used for illegal activities.





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