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2020-11-04

COVID-19 and its impact on the growth of the crypto donations

In the last three years, more and more non-profit organizations have started accepting crypto-based donations. According to Alex Wilson, co-founder of the crypto donor gate The Giving Block, the COVID-19 pandemic has pushed this trend further than ever before.

Measures to prevent the pandemic began to accelerate in March 2020, which for many people led to business closures and economic turmoil. Both businesses and non-profit entities were faced with significant revenue losses after the virus was contained.

Although COVID-19 strengthened its position, in 2017 many non-profit companies began to accept Blockchain's assets among the euphoric crypto bull market.