On June 24, well known nonprofit the Tony Hawk Foundation revealed it is now accepting cryptocurrencies for donations through Bitpay. The foundation founded by the pro skater Tony Hawk has funded 623 skatepark projects and now people can donate with BCH and BTC. With the latest collaboration, Bitpay now services over 100 nonprofit organizations processing $37 million in donations over the last three years.
Also read: BCH Development Fund Doubles Its Goal After a Successful Month
Tony Hawk Foundation Now Supports Crypto Payments
Tony Hawk is one of the most recognizable professional skateboarders of all time. The American athlete has influenced generations of kids and young adults to jump on a four-wheeled board. Hawk not only created dozens of the tricks we know of today, but he was always relatable and funny in movies like Gleaming the Cube and the Bones Brigade. After his amazing career of inventing new tricks and pioneering the modern age of vertical skateboarding, Hawk created a nonprofit so the youth can continue this legacy.
So far there are more than 500 Tony Hawk Foundation (THF) grant recipients who have opened skateparks and these parks are visited by more than 5 million people annually. This week the charity announced a partnership with Bitpay in order to accept crypto payments in BCH and BTC.
“THF has long been recognized for our innovative approach to building communities, and we’re excited to offer this great new way to support our work,” Miki Vuckovich, executive director of the Tony Hawk Foundation, stated.
Bitpay Processes $37 Million in Cryptocurrency-Denominated Donations
The partnership with THF highlights the fact that the Atlanta based cryptocurrency payment processor Bitpay now supports over 100 nonprofits. According to the firm, since 2017 Bitpay has processed more than $37 million in cryptocurrency-denominated donations. Well known charitable organizations working with Bitpay include the Wikimedia Foundation, the Electronic Frontier Foundation (EFF), Greenpeace, Heifer International, The Water Project, and the American National Red Cross. Donating funds with crypto can be done easily on a mobile device or home computer in less than a minute. Moreover, BTC or BCH-based donations can be accounted for and verified on a public block explorer.
After revealing the alliance with the charity THF, Sonny Singh, the chief commercial officer of Bitpay, explained that as blockchain payments continue to move mainstream, “[Bitpay] is seeing an increase in donations from the crypto community.” Singh continued:
Bitcoin and Bitcoin Cash offer an economical payment option in comparison to traditional bank options where more money goes to charity rather than paying fees.
Many people believe that cryptocurrencies will revolutionize the money system, but at the same time, philanthropy can be enhanced by being able to fund any project from across the world. Much needed and often taken for granted things like schools and water wells can be built. And now people can donate to kids who want to drop in on a halfpipe for the first time or be the next kid to land the 900.
What do you think about the Tony Hawk Foundation accepting cryptocurrency donations? Let us know what you think about this subject in the comments section below.
Image credits: Tony Hawk Foundation, Pixabay, and Bitpay.
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