In accordance to an investor presentation revealed Tuesday, U.S.-based fee options supplier Shift4 introduced its acquisition of The Giving Block in money and inventory for $54 million, plus a possible earnout of as much as $246 million. The Giving Block is a web-based platform that permits over 1,300 nonprofit organizations and charities to just accept crypto donations.
As advised by its annual report, the group processed $69.64 million in crypto donations, a rise of 1,558% from 2020. Out of this quantity, roughly $12.3 million got here from donations by nonfungible token, or NFT, tasks. Ether (ETH) grew to become the most-popular crypto donated for the primary time, accounting for practically half of the overall quantity. Final month, The Giving Block supplied Cointelegraph with a pattern listing of six charities on the receiving finish of crypto donations and the way philanthropy has positively impacted such organizations.
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