The fundraising platform WeTrust Spring recently announced that it will be matching 100 percent of every Ethereum donation made related to Giving Tuesday through November 27. Additionally, the platform also revealed partnerships with many other charitable companies.
The platform allows entrepreneurs and nonprofit organizations the possibility to raise funds using the popular virtual currency Ether (ETH). Founded back in 2016, it has Vitalik Buterin and Emin Gün Sirer as advisors. The founders are George Li, Patrick Long and Hoang Nguyen.
The charitable organizations that the company decided to partner with are African Advocacy Network, Bridge Global Foundation, Cavalier Rescue, Code for America, Cultural Heritage Imaging, Equity in Access, Fight for the Future, Lava Mae, Learning Equality, Open Library, Rainforest Trust, Surgeons of Hope, Ubuntu Foundation, and VietSeeds Foundation.
The platform was also able to raise 2.442 ETH for Rainforest Trust, that aims to save 500,000 acres of rainforest. Code for America, instead, raised 1.063 of 2,000 ETH.
George Li said that connecting charitable organizations and the crypto community was a very exciting task to perform. This is why the platform has decided to match each donation made as an incentive for more users to start participating.
He added that the growth of virtual currencies resulted in the growth of virtual currency donations. Furthermore, they are very glad to be helping partner organizations to keep doing a very positive work.
Cryptocurrencies are being used for charitable donations in many different fields. It allows to increase transparency and make the process easier. According to some reports, $200 billion dollars worth of cryptocurrencies has been donated to charities.
Perhaps, one of the most known philanthropic projects in the cryptocurrency space is the Pineapple Fund. This project was able to donate over $55 million dollars in cryptocurrencies to many charitable organizations. WeTrust Spring connects donors and charitable organizations allowing them crypto community to have a new link with those in need.