Cryptocurrency donations, the newest form of giving, may be one of the most convenient ways for people to help solve world hunger and provide assistance and humanitarian aid to those in need. Cryptocurrency donations have been generally recognized as making a difference in a range of non-profits and charity relief operations since they are very sustainable and accessible.
Non-profit organizations such as Food for Life Global, which is dedicated to providing vegan healthy meals to children in need, place a high value on sustainability and cost-effective methods of maximizing their donations around the world. This initiative is well-suited to crypto-currency donations since they are tax-deductible, they attract a large number of young investors, they are transparent, and they are geographically independent.
The Freedom to Donate the Way You Want
Food for Life is accepting all kinds of donations starting from traditional fiat monetary donations and cryptocurrency donations. First and foremost cryptocurrency is a digital currency in which transactions are verified and maintained by decentralized systems using blockchain technology. It is entirely not dependent on government manipulation or third-party owners for transactions. Similar to traditional money donations which are completed within seconds, so are cryptocurrency donations. However, cryptocurrency donations pose many benefits in comparison to traditional monetary donations.
Since cryptocurrency is considered “property” (similar to stocks) it is automatically tax-deductible and the donations are carried out to non-profits without paying capital gains tax. Cryptocurrency donations are entirely transparent, aiding the donor with the chance to track whether their donation is being used for the relief of their choice.
When donating with traditional fiat money from country to country and especially internationally, there are major transaction fees that automatically incur losses in the donation amount. However, with cryptocurrency donations, you can donate the full amount with much fewer costs internationally due to not including any third-party assistance, in comparison to traditional financial ecosystems.
If any of this information is in your interest and cryptocurrency donations are the go-to preferred donation for you, Food for Life Global has provided a simple process of doing so!
How to Donate with Crypto Through Food for Life?
With Food for Life Global, you can donate any of the few coins including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Doge (DOGE) Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), DAI (DAI), The Graph (GRT), UMA (UMA), Storj (STORJ), Ox (ZRX), and 1inch (1INCH). Their website provides a detailed process on all coins they accept and their digital wallet. This interface at Food for Life Global is quite user-friendly and convenient to use. By choosing the preferred currency and entering the amount you wish to donate is all that it takes to complete the transfer, like a normal credit card transfer. By using your unique address or QR code and including the personal information (kept strictly confidential by FFLG), you will receive a tax receipt as a confirmation of your philanthropic gift.
One of the most important projects taken by Food for Life was partnering with Milk and Butter tokens. With Milk and Butter tokens one can stake Milk to churn Butter and earn money as an investor, meanwhile, a 5% of transactions will be donated to charity. Just one month after the Milk and Butter Token was launched $445,000 was donated to FFL, helping in more than 200,000 freshly cooked vegan meals being delivered to kids globally. Very recently a donation of Butter tokens has enabled this non-profit to serve 11,444 freshly cooked vegan meals to children in need.
These organizations and partnerships are changing the world day by day, by providing sustainable and cost-efficient ways for donations through cryptocurrencies. Additionally, these partnerships are helping communities in learning about crypto and its adoption in our everyday life.
The post Cryptocurrency Donations are now Made Easy – Food For Life Makes the Process Simple for you! appeared first on CryptoMode.