Can Blockchain Reinvent Charity and Non-Profit Projects in 2023?
The philanthropic and nonprofit sectors are using blockchain as a means of transparency and accountability. However, some have begun to express concerns.
Charities report that donations are falling, although donations have remained steady as the wealthy donate more. So the question is how to reverse the trend.
The BBB Wise Giving Alliance (Give.org), a standards-based rating agency, surveyed 2,000 people. They were asked if they would consider donating to a charity with cryptocurrency. 73% said yes. There are many reasons for this, the most prominent being the tax benefits.