Episode 37: Decrypting Crypto for Nonprofits—Bitcoin Donations and Beyond, with Alex Wilson
November 18, 2021
What happens when socially conscious millennials and others profit billions of dollars from cryptocurrency investments? They look for ways that their windfall can help those less fortunate.
This year, one platform alone will handle over $100 million in cryptocurrency donations to nonprofits. And they expect it to 10x next year.
What started out as a novelty in the tech and finance space has now turned into a three trillion dollar movement that impacts most aspects of life today. Yet, it still seems complex (cryptic?) for nonprofits to get involved. Between the technical aspects and the legal concerns, most nonprofits have been hesitant to dive in.
Alex Wilson co-founded The Giving Block when he saw that nonprofits had a hard time overcoming the hurdles necessary to accept and process Bitcoin donations. He joined us this episode to demystify cryptocurrency donations for nonprofits and why it’s important to join the movement sooner rather than later.
** Episode Links and Shownotes: https://nphf.show/ep37 **
What we’ll be discussing:
• The current state of Bitcoin and other cryptocurrency donations for nonprofits
• What’s different about the cryptocurrency donor avatar versus most others
• Why crypto investors need to be able to donate in their favorite cryptocurrencies
• The tax implications for donors and nonprofits
• How nonprofits can get started and take advantage of the possibilities this season and next year
What happens when socially conscious millennials and others profit billions of dollars from cryptocurrency investments? They look for ways that their windfall can help those less fortunate.
This year, one platform alone will handle over $100 million in cryptocurrency donations to nonprofits. And they expect it to 10x next year.
What started out as a novelty in the tech and finance space has now turned into a three trillion dollar movement that impacts most aspects of life today. Yet, it still seems complex (cryptic?) for nonprofits to get involved. Between the technical aspects and the legal concerns, most nonprofits have been hesitant to dive in.
Alex Wilson co-founded The Giving Block when he saw that nonprofits had a hard time overcoming the hurdles necessary to accept and process Bitcoin donations. He joined us this episode to demystify cryptocurrency donations for nonprofits and why it’s important to join the movement sooner rather than later.
** Episode Links and Shownotes: https://nphf.show/ep37 **
This year, one platform alone will handle over $100 million in cryptocurrency donations to nonprofits. And they expect it to 10x next year.
What started out as a novelty in the tech and finance space has now turned into a three trillion dollar movement that impacts most aspects of life today. Yet, it still seems complex (cryptic?) for nonprofits to get involved. Between the technical aspects and the legal concerns, most nonprofits have been hesitant to dive in.
Alex Wilson co-founded The Giving Block when he saw that nonprofits had a hard time overcoming the hurdles necessary to accept and process Bitcoin donations. He joined us this episode to demystify cryptocurrency donations for nonprofits and why it’s important to join the movement sooner rather than later.
** Episode Links and Shownotes: https://nphf.show/ep37 **
What we’ll be discussing:
• The current state of Bitcoin and other cryptocurrency donations for nonprofits
• What’s different about the cryptocurrency donor avatar versus most others
• Why crypto investors need to be able to donate in their favorite cryptocurrencies
• The tax implications for donors and nonprofits
• How nonprofits can get started and take advantage of the possibilities this season and next year
• What’s different about the cryptocurrency donor avatar versus most others
• Why crypto investors need to be able to donate in their favorite cryptocurrencies
• The tax implications for donors and nonprofits
• How nonprofits can get started and take advantage of the possibilities this season and next year