Cryptogiving.ca debuts in Ottawa
A new website called Cryptogiving.ca has launched in Ottawa. The site is intended to act as a point of reference for individuals wishing to donate to Canadian charities using digital currencies such as Bitcoin. The site will track organizations which accept donations in this form, as well as provide information about issues regarding tax deductions.
"This rise in interest and value of digital currencies over the last year has led to a substantial increase in interest in their donations for charitable purposes, both by those giving and the organizations receiving," said Michael Powell, spokesperson for Cryptogiving.ca. "Dozens of Canadian charities are currently accepting or moving to accept cryptocurrency donations. As one example, Covenant House in Toronto launched a successful campaign to raise $250,000 via donations of Ethereum during the December holiday season. Similarly, Pathways to Education has been accepting donations via Bitcoin since 2013, and has recently seen increased volume in donations, including a large donation in December."