The use cases of cryptocurrencies are constantly changing and diversifying. For a long time, only limited real-world transactions could be carried out with cryptocurrencies like Bitcoin. With time, that expanded, and now there are many products and services purchasable with cryptocurrencies. Another use-case of cryptocurrency has recently developed – that of donating to charities with cryptocurrency.
On the occasion of Thanksgiving, it is important to be thankful for all the gifts crypto has given to the underprivileged people in the world.
Cryptocurrency has given financial freedom to many investors who were themselves in a bad financial place before investing in crypto. Many of them believe that now is the time to give back to society what they have earned. Many crypto millionaires routinely donate Bitcoin and other cryptocurrencies to charities, and the money goes to the help of underprivileged people around the world.
The growing trend of donating through cryptocurrency adds a humane angle to this ongoing political and economic debate. It shows that with more alternative wealth creation mechanisms, more people will benefit from an economy. The more wealth an economy has, the more wealth it will spend. It will ensure that the economy is functioning effectively with buying and selling.
NFT marketplaces have also started to donate a percentage of their revenue for social causes. Many creators have suddenly got access to huge amounts of digital assets, and now they want to use them for a good social cause. If the trend of donating in crypto continues, it will be of immense help to underprivileged people from around the world.