Do you plan to integrate with DeFi
Do you plan to integrate with DeFi, such as designing a solution that could directly enable a portion of proceeds from borrowing and lending interest rates to go to charities? AW: We’re working on something similar to that; it hasn’t gone live yet. The way we’ve started working with some of the DeFi platforms and protocols is, for example, we’ve partnered with 1inch, where users on the 1inch platform can donate to all of the causes we work with. So, if you go on the 1inch page, there’s a dona...
Do you plan to integrate with DeFi
Do you plan to integrate with DeFi, such as designing a solution that could directly enable a portion of proceeds from borrowing and lending interest rates to go to charities? AW: We’re working on something similar to that; it hasn’t gone live yet. The way we’ve started working with some of the DeFi platforms and protocols is, for example, we’ve partnered with 1inch, where users on the 1inch platform can donate to all of the causes we work with. So, if you go on the 1inch page, there’s a dona...
organization or something similar to physical artwork?
Typically, what we recommend is just donating the proceeds of the NFT. The tricky thing about sending the NFT directly to the nonprofit is valuation and tax deductibility. So, it gets complicated with NFTs since there isn’t a lot of guidance from the IRS and other tax agencies on the tax treatment of NFTs. But it is evident when you’re just donating the proceeds because then it’s just like a regular crypto donation. So, in general, we’re saying, “Hey, if you’re an artist, a creator, please se...
organization or something similar to physical artwork?
Typically, what we recommend is just donating the proceeds of the NFT. The tricky thing about sending the NFT directly to the nonprofit is valuation and tax deductibility. So, it gets complicated with NFTs since there isn’t a lot of guidance from the IRS and other tax agencies on the tax treatment of NFTs. But it is evident when you’re just donating the proceeds because then it’s just like a regular crypto donation. So, in general, we’re saying, “Hey, if you’re an artist, a creator, please se...
What is the volume of donations you saw this year, and how does it compare with previous years?
Cointelegraph: How are you making the donations secure to reach their intended charitable organizations? Alex Wilson: We were intentional in the way we set this up so that all the donations from a donor always go directly to a charity’s wallet. Now, we aren’t a pastor or anything like that, so it’s always going directly to the charity’s wallet. And on the back end, they have institutional accounts with Gemini. That way, they don’t have to worry about, you know, managing their private keys and...
What is the volume of donations you saw this year, and how does it compare with previous years?
Cointelegraph: How are you making the donations secure to reach their intended charitable organizations? Alex Wilson: We were intentional in the way we set this up so that all the donations from a donor always go directly to a charity’s wallet. Now, we aren’t a pastor or anything like that, so it’s always going directly to the charity’s wallet. And on the back end, they have institutional accounts with Gemini. That way, they don’t have to worry about, you know, managing their private keys and...
With the market capitalization of digital currencies surpassing
With the market capitalization of digital currencies surpassing $2 trillion, there is now record interest in crypto philanthropy. From helping to build a school in Uganda to fundraising for frontline healthcare workers and raising awareness for artists with intellectual disabilities, many nonprofit projects are gaining traction with generous assistance from crypto enthusiasts. But the rewards of giving crypto to charities aren’t limited to the feeling of having accomplished an altruistic task...
With the market capitalization of digital currencies surpassing
With the market capitalization of digital currencies surpassing $2 trillion, there is now record interest in crypto philanthropy. From helping to build a school in Uganda to fundraising for frontline healthcare workers and raising awareness for artists with intellectual disabilities, many nonprofit projects are gaining traction with generous assistance from crypto enthusiasts. But the rewards of giving crypto to charities aren’t limited to the feeling of having accomplished an altruistic task...
All these goals are aimed at boosting economic growth, but ultimately at propelling our agenda of socioeconomic
The DCash wallet and CBDC payment system were in development for at least 2 years before their official launch in 2021. The pilot, titled DXCDCaribe, was rolled out in March 2019. It was the preliminary model for the DCash system. XCD is the international ticker for the EC Dollar, the fiat currency issued by the ECCB. Related: Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits There are now nine countries using a CBDC across the world, according to atlanticcouncil....
All these goals are aimed at boosting economic growth, but ultimately at propelling our agenda of socioeconomic
The DCash wallet and CBDC payment system were in development for at least 2 years before their official launch in 2021. The pilot, titled DXCDCaribe, was rolled out in March 2019. It was the preliminary model for the DCash system. XCD is the international ticker for the EC Dollar, the fiat currency issued by the ECCB. Related: Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits There are now nine countries using a CBDC across the world, according to atlanticcouncil....
