The British Red Cross, a global humanitarian organization, has announced its support for donations in cryptocurrencies such as Bitcoin, Shiba Inu, and XRP.
In a social media post on May 30, the organization called on the online community to donate, emphasizing the importance of humanity in times of crisis. The British Red Cross reaffirmed its commitment to providing aid to people without bias or discrimination based on identity or location.
The post included an image confirming that the organization now accepts cryptocurrency donations.
Those interested in donating BTC, Shiba Inu, or XRP to the British Red Cross can do so through a dedicated portal for crypto contributions. These donations support various charitable initiatives in crisis-stricken regions like Palestine and Israel, as well as in response to natural disasters.
Donors must provide accurate information as the organization does not accept anonymous contributions. Crypto donations under $5,000 do not require additional screening, but donations exceeding $5,000 must go through a separate channel for ethical review.
The Giving Block, the platform that processes these crypto donations, charges a fee ranging from 1% to 3.9% based on the donation amount. Various cryptocurrencies are supported, including Bitcoin, Shiba Inu, XRP, Dogecoin, Ethereum, and stablecoins.
While the British Red Cross did not support cryptocurrency donations in 2022, recent reports suggest that they began accepting them in late 2023. Similarly, the Singapore Red Cross has also started accepting crypto donations around the same time.
In contrast, the American Red Cross has been accepting cryptocurrency donations for almost a decade, processing them through the payment processor BitPay.
It is important to note that cryptocurrency donations are converted to USD by The Giving Block before being transferred to the British Red Cross on a weekly basis.
Please note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are those of the author and do not necessarily reflect The Crypto Basic’s views. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses.