Digital Crypto Exchange users are more charitable than traditional investors. In the past, the only way to donate money to a charity or non-profit organization was to donate cash. With the rise of the internet, charities and non-profits have been able to find ways to not lose donations from those who cannot donate some money. It was a huge deal when a charitable contribution was made electronically in the past. Now, digital crypto exchange donors, are changing philanthropy.
Cryptocurrencies and blockchain technology have been around for a while now, and many people have heard of Bitcoin. Bitcoin was initially intended to be a means of payment and a store of value and not a store of wealth, and one of the reasons for this is that Bitcoin was not originally designed to create more Bitcoin.
The ease and usefulness of cryptocurrencies has made them a convenient store of wealth. They are easy to use, you don’t need to have a bank account, they are globally accepted, are not subject to political agendas, are easy to transport, are irreversible when transferred, are not tied to any country’s laws, are not controlled by anyone entity, are not taxed by one government or organization, are not controlled.
Why are Crypto Exchanges so Philanthropic?
It’s no secret that cryptocurrency has been a boom industry for many philanthropic organizations. More and more charities have been accepting cryptocurrencies, and CEOs have been talking about the benefits of the cryptocurrency boom. In fact, one charity in India has been so overwhelmed by the donations they’ve been getting from the crypto boom that they can’t keep up with the demand.
Crypto exchanges have been some of the most generous in a donation in recent years. In particular, ekrona is not only donating a substantial amount in ETH to a charity, but has been working with a few nonprofits that it’s become a sustaining partner of. This is not something we see from many companies in the tech industry.
The Crypto Market is setting the Tone for Everyone Else
But let’s go deeper. Why are these Crypto Exchanges so philanthropic? They’re setting the tone for everyone else. They have been willing to be more philanthropic as they have poured into new technologies. In the new paradigm, the Crypto Market understands that new technologies will not just create a world of disruption, but they will make a world of difference in the form of philanthropy.
How Crypto is Changing Philanthropy
One of the reasons for this is that the markets are reaching all-time highs, which means that people are feeling bolder and more generous. This means that not only do charities benefit, but non-profits can too. Donations made to non-profits strengthen the organization, and the funds provide more to invest in further charitable work. If investors in digital currency are more involved and giving, would it not make sense to have them be more engaged in other community and charity giving?
Final words
People are changing the way they give thanks to the innovations in technology. A new way to donate has come into play amongst those passionate about charities. Laura Neale created the digital crypto exchange to anonymously donate to charities and not have to worry about getting a receipt or any mail. The digital crypto exchange was created due to the donor’s reluctance to put down their name and to mail address on a regular check. These donors were uncomfortable with their name and address being on a routine check. As a result, the digital crypto exchange was created to ensure anonymity. The current society has been responding well to this new way of donating.
