Want to use your crypto perks for good? How about donating them? 💙
Give to causes you care about, powered by The Giving Block
Looking for altruistic ways to use your crypto perks?
More than $300 million in crypto donations are made each year. Now, thanks to The Giving Block, Quidli users also have the option to donate their perks to a growing list of crypto-friendly non-profit organizations. And so we breakdown some of the reasons why you may consider donating your crypto.
Share value with those in need
One of the leading use cases often mentioned for cryptocurrency is driving better financial inclusion, particularly in communities and regions where reliable financial services are less accessible. As such, we’re big supporters of any initiatives that enable people to share their crypto wealth for good causes and with people in need.
And maybe for some users, it’s more a case of not knowing what to do with the crypto you’ve received — it’s too complicated, it’s not for you, etc. That’s totally fine too. But then donating this value to those who can benefit from it would still be great gestures you can make.
Show solidarity in challenging times
Many people today are actively looking for ways to demonstrate their commitments to social responsibility as well. Maybe you’re passionate about solving climate change or social inequality; or perhaps you want to tackle poverty or pandemics. With perks as portable as crypto, we want to empower users to directly support the causes that are important to them directly. FYI, we recently made our first donation as a company to Code to Inspire and the receipt and response were immediate!
If there are any organizations you’d like to support with your crypto perks that aren’t currently listed, feel free to refer them to our friends at The Giving Block in order to get them set up and running.
Easy, quick & transparent
Another frequently cited use case, sending crypto is faster and more efficient than making wire transfers, entering in credit card details, or writing and sending checks. There’s no need for senders or recipients to wait hours or days for their transactions to clear. And due to funds arriving instantly, the non-profit organizations can move quicker to help those in need.
Additionally, thanks to use of blockchains, you’re able to reference and know exactly where your donations are heading with full transparency.
Crypto donations can help lower your taxes
For users who actively file and report their crypto activities to their respective tax authorities, donations of crypto like Bitcoin and Ether to certified non-profit organizations may be considered tax-deductible in some countries (for example, this is often the case in the US, Canada, the UK, Australia and New Zealand). So not only do you get to financially support causes you believe in, you’re giving more value to the non-profit while also potentially being exempted from capital gains taxes. But as always, do consult your accountant or a tax professional for further guidance.
Want to start sharing crypto with your remote team as portable rewards and perks? Create your team account on Quidli to get started.
Are you an employee or freelancer who wants to receive crypto perks from your company or client? Fill out this request form and we’ll reach out on your behalf.
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