❤️ Crypto charity is trending
The fall of stock markets in 2022 led to the flight of capital from digital currencies and a fall in their value. But natural disasters and cataclysms have created conditions for an explosive growth in the popularity of cryptocurrency donations.
Millions of dollars were received in bitcoin, ether and other virtual currencies to the addresses of charitable and humanitarian organizations. The Turkish authorities have even relaxed their crypto policy to help earthquake victims raise funds and receive assistance. The crypto community welcomed Ankara's decision, which simplified the flow of donations.
This trend is also typical for other regions experiencing natural and man-made disasters. According to analysts, crypto donations will soon become one of the main types of financial support for victims, because funds can be transferred from anywhere in the world and without intermediaries.
Parminder Singh
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AlbaGuBrath
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