The use of cryptocurrency in retail outlets is growing, as is the number of online platforms accepting bitcoin. In connection with this growing acceptance of cryptocurrencies, we are now seeing an interesting trend. More and more charitable organizations are now accepting donations in Bitcoin and other cryptocurrencies. It should not come as a surprise since Bitcoin is already being used for various purposes across the world. Many other cryptocurrencies are also steadily becoming useful in real-life transactions. Multiple hotel flight booking platforms accept payments in Bitcoin, as do many online stores. In the Republic of Congo, Bitcoin became one of the ways for the natural disaster hit refugees to start their life anew. Acceptance among charitable organizations seems to be a natural progression. Non-profits like The Giving Block have become known for their charitable activities through cryptocurrencies.
Founder of FTX, Sam Bankman-Fried, says that giving away his wealth helps him stay grounded. Being a cryptocurrency entrepreneur, his donations also go through cryptocurrency. He and many other entrepreneurs are showing that digital currencies can be used to bring a smile to people’s faces. Critics of crypto cannot deny the positive developments happening with crypto.
Cryptocurrency has steadily picked pace over the last few years and has become a topic of mainstream discussion. However, the ills of this ecosystem find more representation than its merits. News of crypto-related charitable activities can change this scenario. As we move to 2022, we can expect a positive change in representing crypto in the mainstream.
