Paxful Commits to Donating 1% of Its Annual Profits
Peer-to-peer fintech platform to join the Giving Block s Founder s Circle, aimed at donating annual profits via Bitcoin
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NEW YORK, June 4, 2021 /PRNewswire/ Paxful, the leading global peer-to-peer fintech platform, today announced that it will be joining the Founder s Circle, a philanthropic group within the Giving Block. Through the agreement, Paxful commits to donating 1% of its annual profits to charity via the Giving Block. Additionally, Paxful CEO and Co-Founder Ray Youssef will join the Founder s Circle as an individual contributor, donating at least 1% of his average annual Bitcoin holdings.
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Two unrelated cryptocurrency projects have collectively raised over $3 million for charitable contributions this month, underscoring the potential of digital assets in aiding mission-based non-profits around the world.
Elongate, a cryptocurrency project that began as a parody of Elon Musk’s reference to the Watergate scandal, has raised $2 million for various food and general support programs via Human Relief Foundation and Give India. The latter is a Covid-19 relief effort in the South Asian country in the wake of a devastating spike in new infections.
Some of the biggest Elongate contributors are Children International, Action Against Hunger, The Ocean Cleanup, Big Green, Human Relief Foundation and Give India, among others.
Four Prominent Crypto Investors to Donate at Least 1% to Chairty
Last Updated: 05 May 2021
Four crypto veterans are joining a crypto donations initiative created by the Giving Block. The four will donate 1% of their crypto holdings annually.
Dan Matuszewski, Haseeb Qureshi, Ryan Selkis, and Qiao Wang have joined a crypto-based charity drive created by the Founders Circle. The funding campaign urges crypto investors and firms to donate a minimum of 1% of their crypto holdings to charity events each year. This initiative also aims at making it possible for non-profit organizations to accept donations in cryptocurrencies and other crypto assets.
Crypto Veterans are joining the initiative