$16B charity provider enables Bitcoin donations via The Giving Block. With a new collaboration, The Giving Block, a prominent organisation focusing on bitcoin donations, continues to expand its crypto charity reach.
The Giving Block announced on Sept. 23 that it will collaborate with philanthropic platform provider RenPSG. In order to allow its contributors to move cryptocurrencies like Bitcoin into new donor-advised funds. To assist nonprofits and other charitable organisations.
RenPSG will begin delivering a solution that will enable charities to take more than 45 different cryptocurrencies. Including Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE) (DOGE).
According to The Giving Block, Renaissance Charitable Foundation, a donor-advised fund sponsor, will be the first of RenPSG’s institutional clients to begin receiving crypto donations via the new solution this week.
RenPSG, a charity platform that provides a unique donor-advised solution
RenPSG, which founded in 1987, is a prominent charity platform that provides a unique donor-advised solution through its proprietary philanthropy software, DFX. The RenPSG sponsored $16.6 billion in donor-advised fund assets. For financial businesses and charitable organisations across the United States in 2020, according to The Giving Block.
The Giving Block highlighted on Twitter that “with RenPSG’s vast reach, the group is taking another step toward making crypto charity a worldwide phenomenon.”
RenPSG’s executive director vice president of strategic growth operations, Kelly Palmer, noted that the platform is accepting cryptocurrency donations in response to the industry’s rising popularity.
“As the number of people using bitcoin has increased, so has the number of people donating cryptocurrency. We anticipate that many of our clients will use this solution. In order to broaden the sorts of assets, they accept into their donor-advised fund offerings. And attract a new group of donors”.
In 2021 BTC and Ether were on top
In 2021, according to Pat Duffy, co-founder of The Giving Block, Bitcoin and Ether were the most widely given cryptos throughout the organization’s network. “Historically, Bitcoin has dominated, but this year ETH appears to be gaining ground,” he said. Adding that DOGE donations have also increased this year.
The Giving Block, which founded in 2018, is a significant crypto contribution solution. That focuses on assisting organisations in raising donations using cryptocurrencies such as Bitcoin. The group said on Monday that it expects to process more than $100 million in bitcoin donations by 2021. In addition, The Giving Block intends to enable $1 billion in bitcoin gifts in 2022. Through a variety of collaborations that will launch in the fourth quarter of 2021, just in time for Giving Season.