Traditional banking institutions can make the process of giving aid cumbersome. Aid transfers often require bank verification. Funds may even take one or several weeks to reach beneficiaries because of the reliance on formal banking channels and intermediate parties.

Financial Gaps to Aid

• Unbanked individuals: According to a 2024 report from the World Bank, over 1.4 billion adults lack financial accounts.
• Gender gap: The same report revealed a gender gap in the ownership of bank accounts between men and women in developing economies.
• Excluded rural-based populations: A document from the United Nations Development Programme (UNDP) explains that populations that are rural based are more prone to exclusion from financial services due to the lack of digital finance mechanisms.

How Crypto Donations are Bridging the Gap

• Direct peer-to-peer support: People can use their phones to receive or donate aid without banks or intermediaries. This makes it easier to empower communities economically.
• Borderless and Instant transactions: Donors are able to transfer funds instantly. Recipients can receive funds within minutes rather than weeks. This is even more advantageous during crises. Moreover, these transactions come with lower fees.
• Traceable and transparent transactions: Stakeholders can trace every transaction in real-time. CryptoDonateNow.org ensures traceability, transparency and financial inclusivity through the use of blockchain for every transaction.

Blockchain is the underlying technology behind cryptocurrencies, allowing transactions to be recorded on a public ledger.

Participate in the Future of Giving

There are many lives that are waiting to be changed. Crypto donations are not just about the use of technology. It’s about helping donors make broader impacts beyond borders.

Explore inclusive giving today through CryptoDonateNow.org to participate in global generosity.

Disclosure: This article is part of the CryptoDonateNow Paid Contributor Program.