Another fascinating trend in the 21st century for charities is the use of cryptocurrency. One of the most popular platforms is the through Cudo Donate platform. The project uses millions of idle computers to generate cryptocurrency for charity.
Since its introduction, Matt Hawkins’, the project’s founder, has been aiming to raise close to a billion British pounds for charity. Already, War Child and the Children’s Air Ambulance are beneficiaries of the project. According to Mr Hawkins, already UNICEF, RNLI and other big charity organisations are embracing the high power of blockchain technology and cryptocurrency.
Charities need to target the youth of today and making cryptocurrency-friendly campaigns is one way of doing so. Given that a significant percentage of the youth today are a tech-savvy demographic, charities should make the effort of moving with the trend.
Cryptocurrency among non-profits does not have to do away with existing revenue streams. On the other hand, it attracts new donors. While many charities use direct debits as a way of signing up people for a committed partnership, cryptocurrency does not need direct debits. At the end of the day, it is a win-win for everyone.