Philippine Red Cross now accepting crypto donations | ABS-CBN
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Philippine Red Cross now accepting crypto donations
ABS-CBN News
Published Feb 02, 2024 06:51 PM PHT
MANILA -- The Philippine Red Cross is now accepting donations in cryptocurrency.
MANILA -- The Philippine Red Cross is now accepting donations in cryptocurrency.
In a statement, the aid organization said the donations can be made through the Philippine Digital Asset Exchange (PDAX) and its platform PDAX Donate.
In a statement, the aid organization said the donations can be made through the Philippine Digital Asset Exchange (PDAX) and its platform PDAX Donate.
PDAX Donate helps non-profit organizations get cryptocurremcy donations through a secure website.
PDAX Donate helps non-profit organizations get cryptocurremcy donations through a secure website.
Donors simply need to go to donate.pdax.ph, then pick the Philippine Red Cross among its list of partners.
Donors simply need to go to donate.pdax.ph, then pick the Philippine Red Cross among its list of partners.
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Users can then choose from any of the 37 cryptocurrencies available on PDAX, input their pledge amount, then specify the purpose of their donation.
Users can then choose from any of the 37 cryptocurrencies available on PDAX, input their pledge amount, then specify the purpose of their donation.
Donors can choose to support the Red Cross' blood services, disaster management efforts, health services, and other initiatives.
Donors can choose to support the Red Cross' blood services, disaster management efforts, health services, and other initiatives.
After this, they can send their donation to their desired crypto wallet.
After this, they can send their donation to their desired crypto wallet.
The Philippine Red Cross said donations are swiftly converted to Philippine pesos then sent straight to their bank account.
The Philippine Red Cross said donations are swiftly converted to Philippine pesos then sent straight to their bank account.
Nichel Gaba, chief executive officer of PDAX said cryptocurrency donations offer transparency through traceable blockchain records, faster transactions, and global accessibility.
Nichel Gaba, chief executive officer of PDAX said cryptocurrency donations offer transparency through traceable blockchain records, faster transactions, and global accessibility.
"With reduced costs and decentralization, more funds directly support charitable causes, streamlining the donation process and increasing efficiency,” he added.
"With reduced costs and decentralization, more funds directly support charitable causes, streamlining the donation process and increasing efficiency,” he added.
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