Food for Life Global Comes to Aid the Hungry Through Crypto Donations

By assisting in the secure and transparent management and distribution of funds, blockchain technology could potentially have a big impact on the charity sector and philanthropy. Businesses and governments are already using blockchain technology in a range of applications. Because of the growing acceptance of digital currencies, charities now have the opportunity to engage with a new group of donors. If you’re looking for an international charity, the best place to start is on fundraising platforms that accept crypto donations.

The ability to track and manage donations with total transparency boosts donor confidence. On a bigger scale, digital fundraising can be revolutionized by allowing charities to collect funds from anywhere on the planet without having to pay foreign exchange fees or factor in currency exchange rates.

This very stream of thought has been followed by Food for Life Global, which is the world’s largest vegan food relief with 240 projects in 60 countries. At Food for Life Global, you can donate several cryptocurrencies including  Bitcoin, Ether, Litecoin, Zcash, Doge, and several others. Check their website for more information on the cryptocurrencies they accept. Food for Life Global is continuously aiding in world hunger through Decentralized Finance (DeFi). Milk and Butter Token holders can support their cause by collecting Butter transaction fees into the charity walled and each holder votes on the cause or project they prefer. Food for Life Global and Milk and Butter Tokens are official charity partners and they have raised over $70,000 so far in delivering delicious plant-based meals to children globally.

The charity has noted that the potential of this charity token is incredible and within weeks of launching the Butter Token had raised $500,000 in donations. At this time the Milk Token had about 39,000 Milk Holders and Butter Token had about 6,000 holders.

This partnership has been changing the future of crypto donations and adapting the use of cryptocurrencies and their benefits. The Milk and Butter token just recently updated their road map and the future appears promising.

Food for Life Mission and Goals

The major purpose of Food For Life Global is to bring peace and prosperity to the world by distributing healthy plant-based meals prepared with compassion. Food for Life Global is dedicated to being the most cost-effective food relief organization in the world. The organization is using cryptocurrency donations to support its global network of over 200 affiliates in 60 countries. As per its policy, all types of financial donations are considered tax-deductible unless there are any limitations on deductibility that apply to a specific taxpayer. Donating crypto is a non-taxable event, which means you won’t have to pay capital gains tax and can deduct the gain from your taxes. As a result, contributing Bitcoin or other cryptocurrencies is one of the most tax-effective ways to help your favorite cause.

Cryptocurrency donations are also exempt from the high international transaction fees associated with traditional donations, allowing non-profits like FFLG to spend more money on their projects while ensuring that none of your generous donations goes to intermediary banks. In total, Food for Life Global FLG has served seven million meals to people in need, targeting the relief of world hunger day by day through their affiliates.

You can be certain that with the transparent and accountable nature of blockchain technology, you’ll be able to see exactly where your cryptocurrency donation is going.

Conclusion

If you want to donate Bitcoin or other cryptocurrencies to Food for Life Global, the process is simple. Anyone around the world can contribute to FFLG’s mission of ending child hunger through environmentally sustainable and compassionate plant-based food donations.

Overall, this is an excellent way for charities and donors to gain more control over their funds while also holding nonprofits accountable for how and where donations are spent. While FFLG ensures that potential donors can donate in a variety of ways, including direct sponsorship and traditional bank transfer donations, their efforts to make crypto donations more accessible to donors will aid in the achievement of the organization’s main goals and missions, which is to work in the most cost-effective, quick, and efficient manner possible!

Source: https://coinquora.com/food-for-life-global-comes-to-aid-the-hungry-through-crypto-donations/