Here are four key takeaways from the conversation on how charities are embracing digital assets.

1. Charities are no stranger to the crypto space

WaterAid’s crypto journey started in 2018 with a project that tracked donations on the blockchain and allowed donors to see where their donation was being put to use.

In 2020 when the pandemic hit however, WaterAid decided to start accepting cryptocurrency donations. “The Giving Block made this really easy for us to get started,” explained Sarah Kershaw, who admits that as a charity she doesn’t have an entire team of developers to implement complicated code.

“It was a very simple process to onboard using The Giving Block’s Crypto Donation Widget, and our crypto donations have been growing ever since.”

2. Exposure to a new, tech-savvy, community

Sarah shared that “Given the crypto community is a completely different segment from our traditional donors, the opportunity is huge.”

And so to have this opportunity to connect with people who maybe haven’t been engaged in charity giving in this way before, despite being a very digitally savvy group, they are always very excited to engage!

3. Charities can get set-up to accept crypto in under one week

With the help of organizations like The Giving Block, charities can get set-up to accept crypto donations in just five to seven business days.

“We’re essentially a technology partner that does all the heavy lifting for charities,” explains Pietro. “Once we understand the charity’s mission and purpose, we gather all the relevant documentation across legal and other business functions. We try to make it as pain free as possible!”

4. Interest from charities is growing

Despite the downmarket, The Giving Block have still been busy onboarding new non-profits, “We haven’t really seen too much of a turndown in demand,” explains Pietro.

Adding to this, Pietro explains that donor activity has not slowed down either, “Over the last 12 months, we’ve helped fundraise over a hundred million dollars across our charity network, which highlights the social impact that crypto holders want to have.”

Visit WaterAid and The Giving Block to learn more.