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Cryptocurrency Holders Can Now Donate Digital Currencies and Tokens to the LA Regional Food Bank

Cryptocurrency Holders Can Now Donate Digital Currencies and Tokens to the LA Regional Food Bank

Food Bank supporters can now donate cryptocurrency through The Giving Block

Donate now using The Giving Block

What are Cryptocurrency Donations?

A cryptocurrency is a digital currency, an alternative form of payment created using encryption algorithms. Unlike physical money, cryptocurrency does not exist in physical form and is not issued or requires a central authority.

With cryptocurrency becoming more popular through the years, and more cryptocurrencies in the marketplace, the number of cryptocurrency holders has also increased, with many wishing to donate a portion of their stakes to nonprofit organizations, like the Los Angeles Regional Food Bank.

Examples of Crypto and NFT Donations

Recently, local art collector, ‘Artie Handz,’ created digital artwork, HOWNOWCOW. This collection was sold, with over $20,000 donated to the Food Bank through The Giving Block, the equivalent of more than 82,000 meals.

Donating Cryptocurrency to the LA Regional Food Bank

The Food Bank has been accepting Cryptocurrency donations for a few years now but this process has been made easier thanks to The Giving Block.

Cryptocurrency donations are considered to be more transparent, faster, and more cost-effective than conventional currencies, with the majority of the proceeds going directly to nonprofits.

What is the Giving Block?

The Giving Block makes Bitcoin and other cryptocurrency fundraising easy for nonprofits. They have teamed up with several domestic and international nonprofit organizations, including the Food Bank, to become the #1 crypto donation platform for nonprofits to accept cryptocurrency.

Food Bank supporters and cryptocurrency holders are now able to donate directly to the Food Bank through The Giving Block, therefore, supporting families and individuals in need.

To learn more about what cryptocurrencies are accepted, or to make a donation, please visit our Cryptocurrency page.

Get Involved

When you give $23 monthly, you provide a year’s worth of food to a family in need. Together, #WeFeedLA.

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