Lupus Foundation Partners With Global Blockchain Firm To Accept Cryptocurrencies

The Lupus Foundation of America (LFA) has recently started a new technique for donating to its organization. The foundation now accepts the donation in the form of cryptocurrency. The foundation will be working with The Giving Block, a global blockchain company and has started accepting donations in the five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC). The donations can be made online.

By accepting cryptocurrencies, the Foundation is providing supporters with cryptocurrency portfolios the capability to support the association in a tax effective technique. The IRS categorizes cryptocurrency donations as property, meaning they are not subject to capital gains tax and are fully tax deductible.

According to Stevan W. Gibson, president and CEO, Lupus Foundation of America, with the new competence, the company is looking forward to growing into accepting more cryptocurrencies as well to leverage blockchain to raise the impact as the foundation sees many people and organizations using this technology. To grow its use of blockchain, the firm distinguishes the advantage of accepting cryptocurrency and the revolutionary nature of blockchain technology. Donations can be made using cryptocurrency online and will be an accepted currency as part of the 2018 Evening of Hope Gala, which will be taking place in New York City in November 2018, as stated in Lupus website.

Lupus foundation was started in the year 1977. Lupus is a long-lasting autoimmune disease that can damage any part of the body (skin, joints, and/or organs). Across the entire United States, Lupus new cases are more than 15000 that are reported each year. The Lupus gears plans of research, teaching, and support on lupus.

The cryptocurrency donations on the rise. Last month, the United Nations Children’s Fund (UNICEF) France started tolerant donations in 9 cryptocurrencies – Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Monero, EOS and Stellar. As per Cryptoground, one of the largest charities in the United States the Silicon Valley Community Foundation with the help of many global blockchain firms has held a third of its US$13.5 billion investments in digital assets.

The post Lupus Foundation Partners With Global Blockchain Firm To Accept Cryptocurrencies appeared first on OWLT Market.

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