Crypto News

Crypto Donations Boost; The Giving Block Integrates With Aggregator RoundlyX

Crypto donations provider, The Giving Block announced a partnership with tool and portfolio aggregator RoundlyX. According to the launch post, this would be the first time that a portfolio aggregator has built its own donation forum to support thousands of charities around the world. Through the partnerships, The Giving Block would provide direct access to its wide network of nonprofit entities to RoundlyX users, who will be able to navigate within the platform to donate to their preferred charity and receive an automatic email receipt and confirmation of their contribution.

Further, the post reveals that the integration is slated to go live in 2022. Interestingly, the latest announcement comes at a crucial time for crypto philanthropy as crypto adoption by nonprofits is rising and donations in digital assets are on their way to surpassing $1 billion in 2022. Expressing excitement over the proposed deal, Will Trible, Co-Founder of RoundlyX noted,

“We are thrilled to expand the ability of our users to connect to the things they care about most. Customers today want to do good while doing better in their own lives. Spare change roundups into The Giving Block charities allow our customers to be a force for good in the world when making everyday purchases. We are excited to ‘spare change the world’ with The Giving Block as a partner.”

The Giving Block is the crypto donations solution, that provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies, be found by crypto donors, receive funds instantly, and become part of a network of crypto media partners to support their missions.

RoundlyX is a roundup tool and portfolio aggregator that enable users to invest spare change in cryptocurrencies and digital assets by rounding up everyday purchases to the nearest dollar and investing the remainder in the digital assets the user chooses. Through tools like roundups, market participants can ‘weather the volatile but emerging digital asset class without overextending’.

Crypto donations- ‘Spare change the world’

On Crypto Giving Tuesday 2021, The Giving Block raised funds of more than $2.4 million in cryptocurrency. Last year too, the fundraising platform secured about $4 million in crypto donations. According to Co-founder Alex Wilson, this growth is partly due to the fact that donating crypto is more tax-efficient than fiat donations. Having said that, crypto philanthropy has opened a new door of opportunities to a generation eager to give back.

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