The British Red Cross, a global humanitarian charity, has revealed its support for donations in cryptocurrencies such as Bitcoin, Shiba Inu and XRP.
In a post on its official X handle on May 30, the organization solicited donations from the online community, stressing that humanity takes precedence in every crisis. The British Red Cross has reiterated its commitment to neutrality and impartiality in helping people regardless of their identity or location.
The image embedded in the post visibly states that the organization now accepts cryptocurrency contributions.
In every crisis, humanity comes first. We are neutral and impartial, so we help people regardless of who or where they are.
Donate today.
— British Red Cross 🧡 (@BritishRedCross) May 30, 2024
Donate BTC, Shiba Inu, XRP to British Red Cross
In particular, the British Red Cross has a dedicated Crypto donation portal, which allows holders to contribute to various charitable efforts. It includes crisis regions such as Palestine and Israel, as well as general emergencies caused by natural disasters.
The organization requires accurate donor information as it does not support anonymous contributions. Cryptocurrency donations under $5,000 do not require additional checks. However, donations over $5,000 must go through another dedicated channel for ethical screening.
Additionally, The Giving Block, which processes these cryptocurrency donations, charges a fee of up to 3.9% for contributions under $25,000. Donations between $25,000 and $100,000 incur a 2.9% fee, and 1.9% applies to donations between $100,000 and $1 million. Contributions over $1 million are subject to a 1% fee.
The platform supports various cryptocurrencies, including major ones like Bitcoin (BTC), Shiba Inu (SHIB)XRP, Dogecoin, Ethereum and several stablecoins.
The British Red Cross accepts cryptocurrencies
Other charities that accept cryptocurrencies
In response to a question in 2022, the British Red Cross confirmed this no support cryptocurrency donations at that time. However, relationships indicate that the organization likely started accepting cryptocurrency donations in the last quarter of 2023. Around the same time, the Singapore Red Cross also started accepting cryptocurrency donations.
In contrast, the American Red Cross has been accepting cryptocurrency donations for nearly a decade. According to the official press declaration on November 26, 2014, the American Red Cross processes crypto contributions via the BitPay payment processor.
It is worth noting that donated cryptocurrency funds do not reach the British Red Cross directly. Instead, The Giving Block instantly converts all cryptocurrency donations into USD and transfers the funds to the British Red Cross on a weekly basis.
