“The bet we placed hasn’t panned out the way we hoped”: As Bitcoin surges, will Canadian crypto-philanthropy as well?

Author Sharlene Gandhi
Can charities take on the risk of depending on intermediary platforms, cybersecurity, and changing tax legislation as the crypto market develops?

Why It Matters

Following Donald Trump’s verbal commitment to the crypto industry last week, the price of several prominent cryptocurrencies has boomed. Crypto-philanthropy can open a non-profit up to a new audience of tech-savvy donors, and can offer opportunities for more transparency with donors in terms of how their funds are used.

“We knew it was essential to roll this out in a way where charities did not need any knowledge of cryptocurrency, to open their own accounts, or to be willing to take on any potential risk."

Join a community of 2000+ impact-oriented professionals like you. Get full access to this story and all Future of Good content, including tickets to our digital events and networking, with a membership.