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As the adage goes, “no man is an island.” Giving back to society is arguably a fundamental responsibility of all its members. Typically, individuals and companies make their contributions in the form of monetary donations, given directly to NGOs and other organizations that promise to help those in need.
Despite the growing number of scams conducted in the name of charity, there’s been a 20% increase in online giving since 2020. Amid the setbacks and difficulties brought on by the COVID-19 global pandemic, many are still keen to help the less fortunate, and a new type of donation has been catching on with the public.
In recent times, the concept of cryptocurrency donations has gained popularity as a safer and more transparent way of doing good. Crypto donations have garnered a great deal of interest from both novices and experts in the crypto world, but many people are still unsure how the process works. This guide covers everything you need to know about crypto donations.