UAE Charitable Foundation Receives Approval to Accept Crypto Donations

Al Jalila Foundation, the United Arab Emirates charitable organization, precocious announced that it has been fixed support to judge cryptocurrency donations. Accepting cryptocurrencies makes it imaginable for the instauration to person backing via what is described arsenic 1 of the fastest-growing donation methods.

Accepting Crypto Expands Foundation’s Donation Channels

A United Arab Emirates (UAE) healthcare organization, Al Jalila Foundation, said it has been fixed support to judge integer wealth and that well-wishers tin present donate via cryptocurrencies. By accepting cryptocurrencies, Al Jalila Foundation has go 1 of the archetypal nonprofit organizations from the UAE to bash so.

In a precocious released statement, Al Jalila Foundation besides said it has partnered with an unnamed “leading cryptocurrency platform.” Commenting connected the determination that expands the organization’s donation channels, instauration CEO Abdulkareem Sultan Al Olama said:

As a philanthropic organisation we trust connected charitable donations and we are ever seeking innovative ways to grow our donation channels for easiness of convenience for donors from each astir the satellite to enactment our programmes. Therefore, arsenic an emerging root of fundraising, providing the accidental to the increasing fig of crypto users astir the satellite to donate to Al Jalila Foundation to causes that involvement them is simply a win-win for america arsenic a instauration and the donor community.

Olama besides lauded a determination which helium said makes Al Jalila Foundation the “first” healthcare foundation successful the state to judge donations successful cryptocurrencies and 1 that bridges the spread betwixt carnal and integer currency. With the determination to judge cryptocurrencies, Al Jalila Foundation joins different salient charitable organizations similar Save the Children, which chose the Cardano Foundation arsenic its partner.

Accepting cryptocurrency donations gives the Al Jalila Foundation, which has reportedly raised millions since its inception successful 2013, an accidental to get backing via what the connection calls a fast-growing donation method favored by Millennial and Gen-Z donors.

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