Pledge Fundraising Platform has introduced a system known as PledgeCrypto that will enable nonprofits to accept crypto donations in over 130 crypto assets. The accepted cryptocurrencies include Bitcoin (BTC), Tether (USDT), and Ethereum (ETH). This initiative will increase the adoption of cryptocurrencies as a payment method by many charity and non-governmental organizations.
The Platform Will Allow Users To Easily Convert Crypto To Fiat
Once the crypto assets are accepted by the nonprofits, they can be easily turned into fiat currencies. The initiative by Pledge is done in collaboration with popular music star Ariana Grande, the founder of Protect and Defend Trans Youth Fund.
She is a notable advocate for transgender rights and is currently working with Pledge to raise funds for LGBTQ organizations. She has already promised donations of up to $1.5 million.
According to the announcement, PledgeCrytpo is a free, fully integrated fiat and crypto donation platform where verified nonprofit organizations are beneficiaries of the donations. The platform doesn’t require to Know Your Customer (KYC) documentation, crypto wallet expertise, or technical knowledge for people or organizations to make donations.
Pledge Has Also Partnered With Other Organizations
Chief Executive Officer of Pledge, James Citron, stated that more than 300 million people worldwide own a crypto asset, with many of them ready to fund causes they care about.
Ariana Grande’s campaign is not the only partner with Pledge, as the platform is involved in several other collaborative deals with other initiatives. These include CoachArt, Safe Place For Youth, Worthy of Love, StreetCode Academy, Big Brothers and Big Sisters LA, and The Boys and Girls Club of Metro Los Angeles. All these initiatives have partnered with Pledge Crypto for similar purposes.
Pledge is also interested in impacting the environment positively. The platform has introduced a system that will ensure that each crypto transaction will contribute to verified carbon offset initiatives.
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