The World Food Program USA has announced that it now accepts up to 80 different cryptos as donations, including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). This was made possible thanks to the collaboration with The Giving Block.
World Food Program USA and The Giving Block for crypto donations
The World Food Program USA has announced that it has decided to accept up to 80 different cryptos as donations, embracing technology. Thanks to a partnership with The Giving Block, donors can now donate in Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), but also in ApeCoin, BONK, and Dogecoin.
“Do you want to have a greater impact with your donations? WFP USA now accepts donations in cryptocurrency: a safe and tax-efficient way to provide food aid to families in need around the world. To learn more about cryptocurrencies and our partnership with @TheGivingBlock”
This decision comes after the Trump administration halted funding for the United Nations’ urgent food aid initiatives (UNAID) in 14 impoverished countries, including Afghanistan, Syria, and Yemen.
Not only that, on March 31, the World Food Program USA launched Emergency Hunger Relief Fund. This fund aims to raise over 25 million dollars of support from the private sector and individual donors in the USA to help bridge the funding gaps of WFP programs that provide life-saving assistance to 58 million people on the brink of hunger.
World Food Program and crypto donations: the advantages for donors
With the aforementioned premises, the World Food Program has decided to modernize its ways of obtaining donations by embracing crypto technology.
In this regard, Dorota Amin, Chief Philanthropy and Partnerships Officer of the World Food Program USA, said:
“Traditional aid systems are under immense pressure. Embracing new technologies like blockchain and cryptocurrencies is not just a choice, it is necessary. By opening our doors to cryptocurrency donors, we are tapping into a growing community of mission-oriented individuals eager to create change”.
In the announcement, the WFP also highlights the advantages that donors in cryptocurrencies would obtain by making their crypto donations.
In addition to the lower fees on transactions compared to credit cards, for example, the WFP also talks about the tax advantages.
In fact, with crypto donations in the USA, the donor becomes exempt from capital gains tax, and may also obtain eligibility for market value deductions.
Other advantages include the speed of the transaction, which offers the immediate availability of the donated money, instead of waiting days to receive it.
The trend of the crypto market: price pump in the last 24 hours
In the last 24 hours, it seems that the crypto market is experiencing significant price pumps.
In fact, looking at the top 10 cryptos ranked by market capitalization, they are all colored in green, with price pumps ranging from +7% to +11%.
They would seem like good news then, even if in reality, we are talking about price recoveries. At the time of writing, Bitcoin (BTC) is worth $82,250, still very far from its ATH or All-Time High of December 2024 above $107,000.
Even Ethereum (ETH) is at $1,620, but still far from its ATH or All-Time High of November 2021 above $4,600.
And finally, Ripple (XRP), the crypto winner of the lawsuit against the SEC, is now worth $2.01, also far from its ATH – All-Time High of January 2025, which was close to $3.30.