Home News Cryptocurrency set to help communities — Latinx nonprofit now accepts crypto donations

Cryptocurrency set to help communities — Latinx nonprofit now accepts crypto donations

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A group that assists communities in times of need uses cryptocurrency to create doors for a “broader swath of philanthropists.”

Powered by charity provider The Giving Block, Corazón Latino is configured to accept Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) (DOGE). As well as a variety of other cryptocurrencies to aid in the organization’s goals of reuniting communities with the environment and delivering speedy reactions to crises such as the COVID-19 pandemic.

The organisation known for its eco-tourism, conservation, and climate-resilience activities. Apart from these, Corazón Latino’s founder and executive director, Felipe Benitez, claims that the organisation has “provided rapid response mobilizations. In order to support communities” during times of crisis. Arizona, Puerto Rico, and El Salvador are just a few of the countries that have benefited from it.

Adapting emerging technologies, according to the founder, will benefit the organisation in the long run. They “believe that being at the forefront of new tools and technologies” is critical to their long-term success, according to him.

“As we develop and adapt to our changing environment, accepting cryptocurrency will be a part of our long-term plan. Allowing us to be more inclusive, creative, and innovative.”

NFT to promote the beauty of the environment

Nonfungible tokens will also be in use to promote the beauty of the environment, according to Benitez. Corazón Latino will soon unveil NFTs featuring “the most beloved” fauna in Puerto Rico in honour of the island’s transformation becoming a crypto hub. Benitez states, “We hope that each virtual item expresses and embraces our appreciation for Madre Tierra.”

Meanwhile, according to The Giving Block’s annual report, the year 2021 saw the most volume of crypto donations on the platform ever. Donations increased 16 times from $4.2 million in 2020 to $69.6 million in 2021, according to the business. Making it the most successful year for crypto charity to date.

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