CHUF operated from Tyne, Newcastle. It is one of the few charities in the United Kingdom that can receive Bitcoin and crypto donations. Recently, it received a one-off donation of more than £70,000, believed to be the biggest crypto donation ever received by a UK charity. Data acquired from the charity organization indicates that considerable donations have been made by HOPE TOKEN, MoonBoys Finance, and Dan Bainbridge. Bainbridge is a long-term supporter who pledged at least $10,000 to the charity. The Head of Fundraising for CHUF, Charlotte Campbell, said: Campbell acknowledged that it has been a long journey since CHUF was launched to receiving donations of up to £70,000. The charity uses the received funds to bring smiles to the Heart Heroes throughout the United Kingdom. Campbell added: Since inception, the cryptocurrency world keeps moving so fast. That volatility appears to be unnerving to some charities, but it is exciting for others.
Crypto communities donate to charity
Over the years, the cryptocurrency community has been involved in funding various charity efforts around the world. CHUF has benefitted from the crypto community. Crypto investors have embraced the organization’s initiative of positively impacting the Heart Heroes’ lives in the UK. In that context, cryptocurrency donations were channeled through The Giving Block platform popular in the United States. Today, CHUF is one of the two charities that use this platform in the UK. These donations will enable CHUF to implement new ways of responding to the many changing needs of Heart Heroes and their families. Cryptographic functions used in cryptocurrency transactions enable cryptos to be sent directly between two parties using public and private keys. All transfers are done with minimal transaction fees. [binance]
