Susan G. Komen, the globe’s top breast cancer charity organization, has revealed that it now takes cryptocurrency in collaboration with contribution platform The Giving Block.
The renowned crypto charity platform provides a diverse range of digital assets, featuring meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Dogelon Mars (ELON), and more obscure coins like Gala (GALA), Orchid (OXT), and Civic (CVC).
The charity is established after Susan Goodman Komen, a fashion model who died three years after being stricken with breast cancer at the age of 33. Nancy Brinker, her younger sister, created the charity in 1980.
Komen requires contributions in order to deliver health education and support breast cancer research. Since 1982, it has invested more than $1.1 billion in research.
But Why Cryptocurrencies?
Cryptocurrency holders are urged to give cryptocurrency rather than cash since it is more tax effective. It must be emphasized that crypto is classified as property by the Internal Revenue Service (IRS) for tax reasons.
Since its inception in 2018, The Giving Block has collaborated with hundreds of charities. In May, Andrew Yang’s non-profit, Humanity Forward, began taking cryptocurrency.
The Giving Block introduced a new service previously this month that promises to make the system of donating bitcoins easier for rich people.
Last month, the popular charity platform also introduced 15 new funds that group non-profits together by their shared cause to make it simpler for people to assist them.