Share this article

Salvation Army Now Accepts Bitcoin, Ether Donations in US

The Salvation Army Western Territory is now accepting crypto donations through Engiven’s platform.

Updated Sep 14, 2021, 10:44 a.m. Published Dec 17, 2020, 1:05 p.m. 1 min read
GettyImages-1290605100

The Salvation Army Western Territory is now accepting bitcoin and ethereum donations across the U.S.

  • Announced Thursday, the charity has partnered with cryptocurrency giving platform Engiven for the new donation options.
  • Over a century old, the Salvation Army is an international charity and church that is known for its network of thrift stores. Funds collected go towards its emergency relief efforts and ongoing programs such as shelters and hospitals.
  • When making a donation, if a zip code is provided the cryptocurrency would then go toward financing the donor's local Salvation Army programs, according to the announcement.
  • Salvation Army said it expects a busy period ahead and plans to serve up to 155% more people with holiday assistance this year, making fundraising activities important.
  • The ongoing coronavirus pandemic and its economic effects will also mean more families and individuals are facing unemployment and financial hardships this holiday season.
  • "There is no gold at the end of the rainbow, but with the rise in popularity and value of bitcoin it certainly could feel like it to some crypto investors,” said Lt. Colonel Kyle Smith, Salvation Army Western secretary of communication.
  • “I believe the crypto community cares and could make a big difference in The Salvation Army's efforts to help those struggling in communities across our country," Smith added.

See also: Charity Turns Down Bitcoin Donation From Darkside Hackers

More For You

Trace Mayer (Trace Mayer)

The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.

What to know:

  • Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
  • Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
  • Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...