WFP USA Explores Tax-Deductible Crypto Donations, Including Bitcoin, to Support Emergency Hunger Relief Efforts
The post WFP USA Explores Tax-Deductible Crypto Donations, Including Bitcoin, to Support Emergency Hunger Relief Efforts appeared on BitcoinEthereumNews.com.
The World Food Program USA (WFP USA) has embarked on a groundbreaking initiative, accepting donations in more than 80 cryptocurrencies to combat global hunger. This innovative approach aims to bridge funding gaps, particularly after the discontinuation of support by the Trump administration for urgent UN food aid initiatives across various impoverished countries. According to WFP USA’s chief philanthropy and partnerships officer, Dorota Amin, “Embracing new technologies like blockchain and cryptocurrency isn’t just a choice—it’s necessary.” WFP USA is transforming humanitarian aid by accepting over 80 cryptocurrencies for donations, enabling faster and more efficient support for those facing hunger crises. Revolutionizing Aid: WFP USA’s Use of Cryptocurrency Donations In a significant shift towards modernizing humanitarian efforts, the World Food Program USA has announced its acceptance of donations in over 80 cryptocurrencies, including mainstream options like Bitcoin and Ethereum, as well as newer tokens such as ApeCoin and Dogecoin. This initiative is part of a broader goal to raise $25 million through the Emergency Hunger Relief Fund, aimed at aiding approximately 58 million individuals on the verge of starvation. Addressing Urgent Needs in an Evolving Landscape The nonprofit organization, while closely aligned with the UN Food Programme, operates independently, focusing on innovative solutions at a time when traditional aid systems are under unprecedented strain. With the abrupt cessation of crucial funding by the Trump administration for UN food aid in nations like Afghanistan, Syria, and Yemen, officials have called for a reassessment of these funding decisions, warning that the lack of support could severely impact vulnerable populations. Advantages of Cryptocurrency in Humanitarian Aid One of the prominent advantages of accepting cryptocurrency lies in its potential to enhance the efficiency of donations. With significantly lower transaction fees, a larger portion of every contribution directly supports aid initiatives. Additionally, the speed of blockchain technology…
Filed under: News - @ April 10, 2025 1:27 am