Susan G. Komen, also known as Komen in the USA, allows people who wish to support the cause of breast cancer to donate digital assets rather than fiat currencies. The Giving Block is the partner in this initiative.
Susan G. Komen posted the announcement on its Twitter account. This new donation type is expected to provide “more options to fight breast cancer” and help save lives.
Susan G. Komen has partnered with @TheGivingBlock to accept #cryptocurrency donations. You can also donate #Bitcoin and #Ethereum. This will allow us to find more ways of fighting #breastcancer, and save lives. Donate today
— Susan G. Komen (@SusanGKomen), December 26, 2021
The Giving Block, the entity’s associate, revealed that more than 50 cryptocurrencies were accepted. Some of the most popular examples include Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB).Interestingly, people are able to donate with some of the most popular Metaverse tokens as well – The Sandbox (SAND) and Decentraland (MANA).The Giving Block noted that according to current US law giving away digital assets is more tax efficient and could “save you money.””The IRS classifies cryptocurrency as property for tax purposes, which means it is typically the most tax-efficient way to support your favorite cause,” the company explained.Not long ago, another charity organization – Nicklaus Children’s Hospital Foundation – announced it accepts donations in cryptocurrencies. This non-profit organization, which focuses on improving healthcare for children, has accepted Bitcoin (BTC), Ether(ETH), Bitcoin Cash/BCH), Dogecoin/DOGE and many other digital assets. The organization had previously received $69 million in cryptocurrency in 2017.
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