Bitcoin to support Latinx nonprofits

“With this funding option, we will be able to expand our donor base and reach a new generation of supporters,” stated Felipe Benitez, creator of Corazón Latino.

An group that assists communities in times of need uses cryptocurrency to create doors for a “broader swath of philanthropists.”

Corazón Latino, which is powered by The Giving Block, will accept Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and a variety of other cryptocurrencies to help it achieve its goals of reconnecting communities with the environment and providing quick responses to disasters such as the COVID-19 pandemic.

The non-profit is known for its eco-tourism, conservation, and climate resilience activities. Apart from that, Corazón Latino’s founder and executive director, Felipe Benitez, claims that the group has “delivered rapid response mobilizations to support communities” during times of crisis. Arizona, Puerto Rico, and El Salvador are just a few of the countries that have benefited.

Adapting developing technology, according to the founder, will benefit the firm in the long run. They “think that being at the forefront of new tools and technology” is critical to their future, he says.

“As we develop and adapt to our changing environment, accepting cryptocurrencies will be part of our long-term strategy, allowing us to be more inclusive, creative, and innovative.”
Benitez adds that their team will also use nonfungible coins to emphasise the environment’s attractiveness. In honour of Puerto Rico’s emergence as a crypto hub, Corazón Latino will soon release NFTs featuring the island’s “most cherished” fauna. “We believe that each virtual asset expresses and symbolises Madre Tierra’s appreciation,” Benitez explains.

Meanwhile, according to The Giving Block’s annual report, the year 2021 saw the highest volume of crypto donations ever on the platform. Donations increased 16 times from $4.2 million in 2020 to $69.6 million in 2021, according to the firm, making it the highest year for crypto philanthropy.


Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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