Humanitarian aid and community services charity Singapore Red Cross included cryptocurrency as a newly accepted form of donation. The organization will accept Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC) donations.\u00a0<\/p>\n
On Aug. 7, Singapore Red Cross announced its partnership with the first crypto payment gateway licensed by the Monetary Authority of Singapore, Triple-A, to enable the option of anonymous donations in crypto. All donations will be converted into fiat currency and settled via bank transfer within one business day. <\/p>\n
Benjamin William, secretary general and CEO of the Singapore Red Cross, shared his enthusiasm toward the new segment of crypto donors: <\/p>\n
\u201cBy accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and wish to make a difference through their digital assets.\u201d<\/p><\/blockquote>\n
\u201cEnabling cryptocurrency donations also opens more opportunities for the new generation of donors who are au fait<\/em> with digital currencies to consider philanthropy and helping the vulnerable,\u201d William further explained.\u00a0<\/p>\n
The crypto payment option is already available on the Singapore Red Cross website. Along with four popular digital currencies, the payment gateway offers a separate solution for donating from Binance digital wallet.\u00a0<\/p>\n