United Arab Emirates charitable organization Al Jalila Foundation recently announced that it has been granted permission to accept cryptocurrency donations. Accepting cryptocurrencies makes it possible for the foundation to receive funding, which has been described as one of the fastest growing donation methods.
Accepting Crypto Expands Foundation’s Donation Channels
The Al Jalila Foundation, a health organization based in the United Arab Emirates (UAE), said that it has been allowed to accept digital money and well wishers can now donate via cryptocurrency. By accepting cryptocurrency, the Al Jalila Foundation has become one of the first non-profit organizations in the United Arab Emirates to do so.
In a recently released statement, the Al Jalila Foundation also stated that it has partnered with an unnamed “leading cryptocurrency platform.” Commenting on the move that will expand the organization’s donation channels, Abdulkarim Sultan Al Olma, the Foundation’s CEO, said:
As a philanthropic organization we rely on charitable donations and we are always looking for innovative ways to expand our donation channels to facilitate donors around the world to support our programs. Therefore, as an emerging source of fundraising, providing an opportunity for a growing number of crypto users worldwide to donate to the Al Jalila Foundation, so that their interest is a win-win for us as a foundation and donor community .
Olma also lauded a decision he said makes the Al Jalila Foundation the “first” healthcare charity in the country to accept donations in cryptocurrencies and one that bridges the gap between physical and digital currency. With the decision to accept cryptocurrency, the Al Jalila Foundation joins other major charitable organizations such as Save the Children, choosing the Cardano Foundation as its partner.
Accepting cryptocurrency donations gives the Al Jalila Foundation, which has reportedly raised millions since its inception in 2013, to receive funding through a rapidly growing donation method backed by Millennials and Gen-Z donors.
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