Susan G. Komen, the world’s largest breast cancer charity, has announced that cryptocurrency donations will be accepted for its activities in the battle against cancer, which is still one of the main causes of death for women.
Susan G. Komen for the Cure, the world’s largest breast cancer charity, has announced that cryptocurrency donations will be accepted for its work in the fight against cancer, which is still one of the leading causes of death among women.
In addition to Bitcoin, the association will also take Dogecoin and Shiba Inu as cryptocurrencies. Susan Goodman Komen, a model who died of breast cancer at the age of 36, inspired the foundation’s name.
Nancy Brinker, her younger sister, launched the group in 1980 after two years. She has raised almost $1 billion in her four decades of operation.
Giving Block is the world’s leading cryptocurrency charity platform, with hundreds of organisations on board. It was founded in 2018, and it already accepts Dogecoin and Shiba Inu as digital currencies.
Co-founder of The Giving Block Alex Wilson later replied to the Tweet saying “Excited to be working together”.
Charities Clubing With Cryptocurrency
Private Client Services, the first premium bitcoin donation experience tailored to the demands of extremely rich individuals, institutions, and advisers looking to donate huge quantities of money, was introduced in mid-December.
Crypto donations on the famed “giving Tuesday,” the day of generosity in November, would have increased by more than 580 percent in 2021, according to data from the Giving Block website.
According to a Fidelity Charitable survey, around 45 percent of cryptocurrency owners donated $1,000 or more to charity in 2020, compared to only 33 percent of all other fiat currency investors.
Ethereum appears to be the most popular currency, followed by Bitcoin and USD Coin. Certainly, cryptocurrencies’ disintermediation properties make money transfers safer, faster, and more transparent, all of which are critical factors in the sensitive work of organisations and associations.
Also intriguing is the association’s choice of two meme coins, Dogecoin and Shiba Inu, which were created practically as a joke and gained to prominence courtesy to celebrity endorsements from Elon Musk and Vitalik Buterin.
AMC, the largest network of cinemas and theatres in the United States, has also accepted the two memes from a few weeks ago.
They entered the top 10 most capitalised cryptocurrencies in mid-2021, resulting in genuine competition among the communities that support them. Who knows if this rivalry between the two will affect the amount of money donated to organisations.
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