$ 16 billion charity enables Bitcoin donations through the Giving Block

Giving Block, a large organization focused on the crypto donation industry, is further expanding its crypto philanthropy with a new partnership.

The foundation will partner with charity platform provider RenPSG to enable its donors to channel cryptocurrencies like Bitcoin (BTC) into new donor-recommended funds to support nonprofit and other charities, The Giving Block announced 23.09.

As part of the partnership, RenPSG will offer a solution that enables charities to accept over 45 different cryptocurrencies such as BTC, Ether (ETH) and Dogecoin (DOGE).

The Renaissance Charitable Foundation, a donor-advised fundraiser, will be RenPSG’s first institutional client starting this week to begin accepting crypto donations through the new solution. said The Giving Block.

Established in 1987, RenPSG is a large charity platform that operates a bespoke solution that is consulted by donors and offers proprietary charity software called DFX. RenPSG provided donor-recommended fund assets of $ 16.6 billion in 2020 to financial corporations and nonprofits in the United States, according to The Giving Block.

“With the enormous reach of RenPSG, The Giving Block goes one step further to make crypto-philanthropy a worldwide phenomenon,” the organization said. Note on twitter.

Kelly Palmer, Vice President of Strategic Growth Operations at RenPSG, noted that in response to the growing adoption of the industry, the platform is introducing crypto donations:

“As the number of crypto users increases, so does the number of crypto donations. We hope that many of our customers will use this solution to diversify the asset classes they have accepted into an offer advised by sponsors and to arouse the interest of a group of investors. “

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Founded in 2018, The Giving Block is a large crypto donation solution focused on helping nonprofits raise funds using cryptocurrencies like Bitcoin. On Monday, the organization announced that it would process more than $ 100 million in crypto donations in 2021, the fourth quarter of 2021 a season ago.