Unbanked announced on December 2 that users will be able to give cryptocurrencies such as BTC and ETH to Toys for Tots as part of a fundraising drive.
Unbanked will have a cryptocurrency payment website available from December 2 to December 20 that will allow contributors to donate in twenty-eight prominent cryptos, including Bitcoin, Ethereum, USDC, and Litecoin.
This capacity was recently added to the company’s crypto-friendly Debit Card and Global Bank Accounts, making it easier to conduct monetary transactions using blockchain.
We are honored to support the incredible work of @ToysForTots_USA this #holidayseason
We have set up a #crypto payment profile to enable donations in 28 #cryptocurrencies for this wonderful cause ♥️
Donate here – https://t.co/jgPj47zIxy https://t.co/UxOt84klhY pic.twitter.com/APLVMLvzea
— Unbanked (@UnbankedHQ) December 2, 2021
“The cryptocurrency bull market has been good to all of us in this industry and this holiday season is the perfect time to pay it forward,” said Unbanked co-CEO Ian Kane. “We naturally wanted to use the benefits of crypto to give back during this holiday season.”
Unbanked, on the other hand, does not reflect all crypto users’ charitable initiatives. As of Dec. 4, a project known as Elf Token has received $41,200 to be spent toward Toys for Tots purchases, with an aim of reaching $100,000 throughout the Christmas season.
Furthermore, the Giving Block, a platform that lets non-profit organizations and charities receive cryptocurrency payments, presently permits donations for the toy collection initiative using a variety of tokens.
End of the day. 100 toys donated, $1,200 in value bringing our total donations to date to $41,200.@ToysForTots_USA only recommendation is that you might need larger bins for @elf_token since we are not stopping anytime soon
#ElfToken #ElfArmy pic.twitter.com/gQycjAMCNW
— Elf Token (@elf_token) December 4, 2021
As part of Giving Tuesday this year, charities, colleges, faith-based groups, and others increased the volume and value of crypto gifts. According to Cointelegraph, the Giving Block raised $2.4 million in cryptocurrency this year, up 583 percent from the Tuesday following Thanksgiving in 2020. By the end of the year, the site hopes to have raised more than $100 million in bitcoin contributions.
What to know about Unbanked
Unbanked, a financial technology firm that connects traditional enterprise and banking platforms with blockchain technology, has launched a holiday fundraising campaign for Toys for Tots, a US Marine Corps program that collects new, unboxed toys and distributes them to underprivileged children in their communities.
Unbanked is a global financial solution based on blockchain technology. Unbanked mixes traditional corporate, fintech, and trading platforms with blockchain technology, allowing cryptocurrencies to be used for both investment and everyday transactions. Individuals who are banked, unbanked, or underbanked may design a financial experience as unique as their life with the firm’s range of highly tailored financial products.
