RenPSG will enable charities to accept over 45 cryptocurrencies, including Bitcoin, Ether. With new cooperation, The Giving Block, a leading company focused on the bitcoin donations business, continues to expand its crypto charity reach.
The Giving Block announced on Sept. 23 that it will partner with charity platform provider RenPSG to enable donors to transfer cryptocurrencies such as Bitcoin (BTC) into new donor-advised funds to benefit NGOs and other charitable organizations.
RenPSG will begin offering a solution that enables charities to take more than 45 different cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Dogecoin, as part of the agreement (DOGE). Renaissance Charitable Foundation, a donor-advised fund sponsor, will be the first institutional client of RenPSG to begin receiving crypto donations via the new solution this week, according to The Giving Block.
RenPSG was founded in 1987 and is a leading charity platform that provides a personalized donor-advised solution using its proprietary philanthropic software, DFX. The Giving Block estimates that the RenPSG will support $16.6 billion in donor-advised fund assets for financial firms and charity organizations across the United States in 2020.
The Giving Block stated on Twitter that with RenPSG’s huge reach, the organization is taking another step toward making crypto charity a global phenomenon. Kelly Palmer, executive director vice president of strategic growth operations at RenPSG, noted that the platform is supporting cryptocurrency donations in response to the industry’s expanding adoption:
“As the number of bitcoin users has increased, the number of cryptocurrency donations has increased as well. We anticipate that many of our clients will use this solution to broaden the types of assets accepted in their donor-advised fund offerings and attract a new pool of donors.”
The Giving Block, founded in 2018, is a leading cryptocurrency donation solution focused on assisting NGOs in raising funds using cryptocurrencies such as Bitcoin. The nonprofit stated on Monday that it is on track to process more than $100 million in cryptocurrency donations by the end of 2021. Additionally, The Giving Block anticipates facilitating $1 billion in bitcoin donations in 2022 through a variety of collaborations that will launch in the fourth quarter of 2021, just in time for the holiday giving season.
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