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Tipping Point Gala Accepts Crypto Donations, Raises $14 Million

Tipping Point Gala Accepts Crypto Donations, Raises $14 Million

Tipping Point Gala Accepts Crypto Donations, Raises $14 Million

A Brief History of Hidden Messages in the Bitcoin Blockchain

CEOs of Cryptocurrency Companies Attend Tipping Point Gala

Tipping Point Accepts Crypto Donations at Gala, Raises $14 MillionTipping Point has raised over $14 million during a gala in San Francisco that saw the non-profit accept cryptocurrencies for the first time. As such, the event saw attendance from many leading figures from the cryptocurrency sector.

“It’s great to see in the Bay Area because this is all about making sure that wealth is getting to people who need it most, and this helps lubricate that goal,” said Chris Larsen, the chief executive officer of Ripple.

“It’s a productive and worthwhile application from a nonprofit that’s driven by some of the most innovative minds in San Francisco,” said Dan Morehead, the CEO and founder of Pantera Capital Management.

“I think a lot more charities will be accepting crypto in the future,” said Brian Armstrong, the CEO and co-founder of Coinbase.

Donors Give ‘Crypto Gifts’ at Gala

Tipping Point Accepts Crypto Donations at Gala, Raises $14 MillionTipping Point spokeswoman, Marisa Giller, has indicated that all “crypto gifts” received will be converted into fiat currency and spent within the next financial year. Cryptocurrency donations were encouraged through a page in the event’s programme hosting QR codes facilitating donations in the form of BTC, ETH, and XRP.

“Trust me, no one is doing this in New York yet,” auctioneer Lydia Fenet stated of the cryptocurrency donations accepted by Tipping Point.

Cryptocurrency Drives Innovation Among Charities

The cryptocurrency revolution has inspired numerous innovative fundraising efforts on the part of charities and non-profit organizations.

Tipping Point Accepts Crypto Donations at Gala, Raises $14 MillionIn recent weeks, Unicef Australia launched The Hopepage – a website that the company states will “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online.” The Hopepage uses Authedmine, an opt-in version of Coinhive’s API to divert donors’ computing power to mining XMR on behalf of the organization.

News.Bitcoin.com also recently covered ‘eat BCH’, a charity using Bitcoin Cash donations to relieve hunger among Venezuelan children and citizens.


Images courtesy of Shutterstock, Tipping Point Community, Bloomberg


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