San Francisco-based cryptocurrency exchange Coinbase has announced a partnership with DustAid, an organization that facilitates cryptocurrency donations to support charities as Christmas approaches.
According to Coinbase’s announcement, the partnership will let Coinbase users within the UK donate cryptocurrency to three charitable organizations fighting for different causes. To support these organizations, DustAid will be using Coinbase Commerce, the exchange’s solution for merchants to accept cryptocurrency payments.
These are the NSPCC, a leading children’s charity in the UK keeping them safe from abuse, the Little Edi Foundation, which supports struggling rural communities in Romania, and Space for Giants, which works to protect and secure the future of elephants and their landscapes.
The NSPCC’s Lead Digital Producer Louse Corden was quoted as saying:
We are really grateful for the backing we have received from DustAid and Coinbase, and we now hope that users of cryptocurrency go to their platforms to make a festive donation to Childline.
Duncan Murray, Managing Director at DustAid, said that the organization believes blockchain technology can help charities positively impact people throughout the world. The cryptocurrency community is notably known for its philanthropy.
Fidelity’s charity unit, Fidelity Charitable, revealed earlier this year it has received over $100 million in cryptocurrency donations since it started accepting them in 2015. In 2017 alone, when the market was booming to new all-time highs, Fidelity Charitable received $69 million worth of cryptocurrency.
An anonymous BTC supporter created last year a bitcoin charity called the Pineapple Fund, which donated over 5,100 BTC, then worth $55 million, to various projects, including the Free Software Foundation, the Electronic Frontier Foundation, and The Water Project.