Breast Cancer Foundation of America – Susan G. Komen (also known as Komen) – has allowed those who are willing to donate in digital currency instead of just fiat currency. The partner in the initiative is donation platform – The Giving Block.
Susan G. Komen announced the new additions on her Twitter page. The organization hopes that this new form of donation will provide “more ways to fight breast cancer”.
🚨 Breaking news🚨
Through a partnership w/ @TheGivingBlock, Susan G. Komen now accepts #cryptocurrency as a form of donation. You can donate #Bitcoin, #Ethereum and more. This will give us more ways to fight #breastcancer and save lives.
Donate today 👉 https://t.co/gvWgHlmzDd pic.twitter.com/bxhZOy23ec– Susan G. Komen (@SusanGKomen) December 26, 2021
The Giving Block – The Giving Block – disclosure that the accepted cryptocurrencies are over 50. Some of the most popular examples include Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB).
Interestingly, people can also donate using some of the most popular Metaverse tokens – The Sandbox (SAND) and Decentraland (MANA).
The Giving Block notes that under current US law, giving away digital assets is more tax-efficient and can “save you money.”
“The IRS classifies cryptocurrency as an asset for tax purposes, which means it is often the most tax-efficient way to support your favorite target,” the company explains.
Not so long ago, another charity – Nicklaus Children’s Hospital Foundation – announced that they accept cryptocurrency donations. Nonprofit organization focused on providing better healthcare for children accepting Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), etc.
Last month, the largest donor in the United States – Fidelity Charity – disclosure they have accepted over $270 million in digital assets since the beginning of 2021. The previous record was set in 2017, when the institution received $69 million in crypto.
