Pledge To Launch Platform For Non-Profits To Accept Crypto Payments

Fundraising platform Pledge announced the launch of its crypto donations platform “PledgeCrypto,” which allows nonprofits to accept donations in over 130 cryptocurrencies, including Bitcoin, Ethereum (ETH) and Tether, and instantly convert them to fiat.

According to the statement released Tuesday, the Venice, California-based platform offers a free, fully-integrated fiat and crypto donation platform in the industry, where donations go directly to verified nonprofits. It allows a non-profit to start accepting crypto donations in minutes with no technical experience, crypto wallet, KYC or contract.

"Any user has the option of either creating a fundraiser page to accept crypto donations for a specific campaign or cause that connects multiple nonprofits or embedding a donation form and button directly on a website, all of which can be accessed through the nonprofit’s Impact Hub," Pledge said.

Popstar Ariana Grande, who launched her ‘Protect and Defend Trans Youth Fund’ on the platform, has pledged to match up to $1.5 million of her own money in donations.

“Over 300 hundred million people around the world hold cryptocurrency today and want more than ever to support the causes they care about,” says James Citron, CEO of Pledge.

“Now we’ve made it seamless for anyone to support the world’s largest network of 2+ million verified charities and for charities everywhere to seamlessly accept cryptocurrencies and further power their mission.”

The company is also launching a feature where every crypto transaction will support verified carbon offset projects via the United Nations Climate Neutral Now Initiative.

It has now become a common phenomenon for charities and nonprofits to take donations in cryptos. Besides PledgeCrypto, there are other funds including The Giving Block, Endaoment, among others, that operate in a similar space.