The Giving Block, a leading cryptocurrency donations platform, has launched a new initiative with the stated goal of making crypto the most charitable industry in the world.
The “Crypto Giving Pledge” encourages digital asset investors to pledge at least 1% of their holdings to charities each year and for cryptocurrency companies to contribute 1% of their revenue toward similar causes. Users can join the initiative anonymously and without having to disclose their contributions.
If everyone in crypto donated 1% of their holdings to charities, they could collectively raise $20 billion based on the current market capitalization of digital assets.
Alex Wilson, co-founder of The Giving Block, said the new initiative “will transform the way the world views cryptocurrency and create the largest influx of charitable giving that the world has ever seen.”
Pat Duffy, the organization’s other co-founder, said the initiative will do three things that “everyone in crypto wants to see happen,” namely:
“One, it will generate a ton of money