Trees for the Future (TREES), a nonprofit that provides countries around the world with seeds to grow more trees, will now be accepting cryptocurrency donations towards its cause.
According to a blog post from the nonprofit, they will now be “accepting donations made via Bitcoin, Bitcoin Cash, ETH, Litecoin, Zcash, and Gemini Dollar.” Interestingly, they aren’t just accepting donations in Bitcoin, as many companies that aren’t too familiar with the cryptocurrency space tend to do. This showcases that the other cryptocurrencies aside from Bitcoin are beginning to be noticed as well.
Jennifer Tepper, the Director of Development at TREES, shared some thoughts on the matter:
“We’re ecstatic to offer this avenue of giving to people who want to help end hunger, poverty, and deforestation with TREES. Donors make our work possible and it’s important to us to make that process easy and mutually beneficial.”
The Giving Block is partnering with TREES to ensure that this can happen. Speaking on the collaboration is one Alex Wilson, the co-founder of The Giving Block, who says:
“There are two major factors for why people donate cryptocurrency. The first is the tax incentive. Because the IRS classifies cryptocurrency as property, that means that donors do not have to pay capital gains tax and can write off the donation on their taxes. If they sell to cash first and then donate, that means getting hit with 20-30% in taxes. Second, donating crypto is faster and easier than using traditional methods. For most people, it takes just seconds to pull up their wallet and send a donation to their favorite nonprofit.”
76.4% of retail investor accounts lose money when trading CFDs with this provider.
Total Number of Stocks & Shares+2000
Charge per Trade
FTSE 100Zero Commission
Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.