How nonprofits can utilize crypto communities and crypto donations

The world might become a better place when there is a show of love and support from the global crypto community.

The presence of global crises and natural disasters around the world is putting a lot of homes and families in a demanding position. Such that most families find it difficult to feed and cater to their young children in the present economic turmoil ravishing the entire world.

Recently, according to the UN Hunger Report, hunger was defined to depict certain periods when populations are experiencing severe food insecurity, such that the people go for entire days without eating due to a lack of money, food, or other resources.

It is also pertinent to note that the increasingly unequal distribution of wealth among people of either a country or a geopolitical region, eventually means that many people are obviously missing out on nutritious food and going hungry, even in countries experiencing strong economic development.

What are crypto communities?

In recent times it would be very myopic to say people are bonded together only by bloodlines, especially in the crypto space. This is evident in virtually everyone’s journey in their quest for knowledge in the crypto space.

This shows the bond around crypto communities is tightly knitted as they see themselves as families when they share thoughts, tales, laughter, and moments together whenever they have the opportunity on such platforms.  

This community is a reflection of people with similar characteristics and a passion for a common goal, whereby the community contributes to the growth and development of each other and ensures the progress of one is the progress of all.

It is no doubt that many people got connected from all over the world searching for people with similar passions and mindsets with a specific relationship around cryptocurrencies. 

This has further led to opportunities created for meetups and conferences in a global way with people traveling far and wide just to be in such gatherings of people with like minds. A typical example is a just-concluded Consensus which was held in Austin Texas, USA.

Why is it necessary for Nonprofit organizations to be involved in crypto?

Based on the established fact that all of the money earned by or donated to a non-profit organization is used in pursuing the organization’s objectives and keeping it running, it is also established that the income is not distributed to the group’s members, directors, or officers. 

Consequently, it would be the right thing to do to engage Non-profit organizations for humanitarian services, especially with the use of cryptocurrencies to avoid unnecessary bottlenecks associated with traditional finance systems.

Several nonprofit organizations have been involved in recent times in the disbursement of relief materials and support for war-ravaged countries and other countries which are currently plagued with hunger and health challenges.

Most crypto communities, especially genuine projects, create corporate social responsibility (CSR) funds where they interact with the community and create viable projects that can meet the needs of the specific community. 

Subsequently, funds are appropriated for the purpose of meeting such needs and the responsibility is channeled to the nonprofit organization to manage the execution of such projects to the expectation of the community and the organization.

There have been several crypto donations made globally for specialized purposes with most recently being the relief and financial aid packages to the country of Ukraine which has received over $100 million in crypto donations, resulting from the ongoing crisis with Russia.

Also, a very large donation was made to the people of India, where the Ethereum co-founder “Vitalik Buterin” donated cryptocurrencies worth $1.5 billion to several non-profit organizations, including $1 billion to a COVID-19 relief fund in India in 2021.

Globally, platforms such as Now Payments and Klever Wallet enable seamless transactions and donation sending.

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