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HomeAltcoinsCanadian Healthcare Foundation starts accepting cryptocurrency donations

Canadian Healthcare Foundation starts accepting cryptocurrency donations

The Glenrose Rehabilitation Hospital Foundation (GRHF), a healthcare foundation based in Alberta, has begun taking donations in a variety of cryptocurrencies, including Bitcoin ($BTC), Ethereum ($ETH), and even the meme-based cryptocurrency Shiba Inu ($SHIB). According to Global News, the move was made possible through a partnership with charitable cryptocurrency organisation “The Giving Block,” which enables the GRHF to accept bitcoin donations from donors.

The funds are first received by GRHF and then converted to the fiat currency that it uses. The healthcare organisation said in a press release that cryptocurrency donations allow it to reach a new set of donors in Alberta.

Notably, cryptocurrency donations to Fidelity Charitable, the largest grant-maker in the United States, increased by more than 1,000% last year. The organisation collected $331 million in crypto assets via donor-advised funds, an increase from $28 million in 2020. The early DOGE community was well-known for its charitable activities. It made headlines in 2014 when it raised more than $25,000 in DOGE to let the Jamaican bobsleigh team participate in the Winter Olympics in Sochi.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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