Story Highlights
- British Red Cross accepts donations in Bitcoin, Shiba Inu, and other cryptocurrencies.
- Donors can choose specific causes and maintain transparency through the required information.
- This move reflects a growing trend in charity, embracing innovation for a tech-savvy generation.
Forget cash or checks, the British Red Cross is now dipping its toes into cryptocurrency. This shift opens the door for a new wave of donors, particularly those comfortable with digital assets like Bitcoin and even the meme-inspired Shiba Inu.
Humanity Over Tech
The Red Cross emphasizes that its core principles of neutrality and impartiality remain unchanged. This bold move towards crypto signifies their adaptability to a changing financial landscape. The message is clear: helping those in need comes first, regardless of how the donation arrives.
In any crisis, humanity comes first. We’re neutral and impartial, so we help people no matter who or where they are.
— British Red Cross 🧡 (@BritishRedCross) May 30, 2024
Donate today.
Your Crypto, Their Cause
A dedicated online portal allows supporters to donate using various cryptocurrencies. From established giants like Bitcoin to the trendy Shiba Inu, contributions can be directed towards specific relief efforts like the Palestine-Israel crisis or general disaster response funds.
Unlike some charities, the Red Cross prioritizes transparency by requiring donor information. For smaller donations under $5,000, the process is straightforward. However, larger contributions undergo additional ethical screening to maintain the integrity of the funds and uphold the Red Cross’s commitment to responsible fundraising.
Fees and Conversions
The Giving Block, the platform facilitating these crypto donations, charges tiered fees based on the donation amount. These fees ensure smooth processing and platform upkeep. It’s important to note that the Red Cross doesn’t hold onto the cryptocurrency. The Giving Block instantly converts all donations to USD and transfers them weekly to the organization.
The Red Cross isn’t the first to embrace crypto. The American Red Cross has been accepting crypto donations since 2014, and the Singapore Red Cross joined the movement in late 2023. This signifies a growing trend within the humanitarian sector.
By venturing into cryptocurrency, the British Red Cross is willing to embrace innovation and cater to a tech-savvy generation. This move paves the way for a more inclusive and efficient future of charitable giving, allowing supporters to donate using their preferred digital assets and help those in need around the world.
