Making Room for Crypto in Charity

With the exponential growth of blockchain, the world is finally witnessing the use cases of cryptocurrency and blockchain technology for social causes and non-profit organizations. There has been a positive movement within the space as several projects have begun donating portions of their revenue to charity. However, there are very few direct connections between blockchain projects and nonprofit organizations that can actually benefit from the transparent technology. As a solution, Baby Santa, a DeFi protocol, is making it possible for investors and organizations alike to donate to charities via crypto. With features like convenience, transparency, and transaction speed, the platform aims to offer a gateway for investors to give back by donating to charity while earning through staking on their platform, thus becoming a new form of income for charities. How is Crypto Helping Fundraise for Charities? According to the Association of Fundraising Professionals (AFP), charity donations fell by 6% in 2020, resulting in a massive loss of revenue. Despite that, there has been a 17.2% rise in online fundraising compared to the prior year. Integrating blockchain and crypto with charitable fundraising has further expanded the means by which organizations can collect funds. It has also offered a transparent medium for donations that instill trust in both the giver and the receiver. Several organizations have started accepting donations i...