The British Red Cross, a renowned international humanitarian organization, has announced its support for donations in cryptocurrencies such as Bitcoin, Shiba Inu, and XRP.
Taking to their official social media account on May 30, the British Red Cross called on the online community to contribute to their cause, emphasizing the importance of putting humanity first in times of crisis. The organization reiterated its commitment to remaining neutral and impartial in providing aid to individuals regardless of their background or location.
A post accompanying the announcement featured an image confirming the organization’s acceptance of cryptocurrency donations.
Those interested in donating BTC, Shiba Inu, or XRP to the British Red Cross can do so through a dedicated portal set up for crypto contributions. This portal allows donors to support various charitable initiatives, including those focused on crisis regions like Palestine and Israel, as well as responding to natural disasters.
To ensure transparency, the organization requires accurate donor information and does not accept anonymous contributions. Donations under $5,000 require no additional screening, while larger contributions above $5,000 must undergo an ethical screening process through a separate channel.
The Giving Block, the platform handling crypto donations, charges fees based on the size of the contribution. Fees range from 3.9% for donations under $25,000 to 1% for contributions exceeding $1 million. Various cryptocurrencies are accepted, including Bitcoin, Shiba Inu, XRP, Dogecoin, Ethereum, and stablecoins.
In a notable shift, the British Red Cross, which previously did not support cryptocurrency donations in 2022, began accepting them in late 2023. This move aligns with similar initiatives by other organizations, such as the Singapore Red Cross.
While the American Red Cross has been accepting crypto donations for nearly a decade, funds donated in cryptocurrencies to the British Red Cross are converted to USD by The Giving Block and transferred on a weekly basis.
Disclaimer: 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 not necessarily reflective of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses incurred.