American Cancer Society Launches Crypto Cancer Fund to Advance Cancer Research

American Cancer Society Launches Crypto Cancer Fund to Advance Cancer Research

The American Cancer Society (ACS), one of the largest nonprofit organizations in the United States, has taken a significant step forward by integrating cryptocurrency into its fundraising efforts. Through a partnership with The Giving Block, ACS has launched its first-ever Crypto Cancer Fund, a groundbreaking initiative dedicated to funding cancer research using cryptocurrency donations.

The fund aims to raise at least $1 million in cryptocurrency donations by early 2021, reflecting the growing role of digital assets in philanthropy.

What Is the Crypto Cancer Fund?

A First in Crypto-Only Fundraising

The Crypto Cancer Fund marks the ACS’s first venture into a crypto-exclusive fundraising initiative, despite the organization previously accepting Bitcoin donations through BitPay.

• Goal: Raise $1 million in cryptocurrency donations.
• Purpose: Support ACS’s cancer research program and contribute to advancements in cancer treatment and prevention.

Recognition for Donors

The fund offers special recognition to pioneering donors:

• Donations of $250,000 or more provide the opportunity to name the fund after the donor or a loved one.
• Donations of $10,000 or more will be featured on the Crypto Cancer Fund Wall of Honor.

Supported Cryptocurrencies

The Crypto Cancer Fund accepts a wide range of cryptocurrencies, ensuring accessibility for a diverse group of donors:

Impact on Cancer Research

A Legacy of Contributions

Since its founding in 1946, ACS has invested over $4.9 billion in cancer research, supporting breakthroughs in treatment and prevention.

Advancing Innovation

Funds raised through the Crypto Cancer Fund will go directly to cancer research projects, fostering:

• Development of new treatments.
• Early detection technologies.
• Improved survival rates for cancer patients.

Strengthening the Crypto-Charity Link

The initiative highlights the potential of cryptocurrency to revolutionize charitable giving, creating new pathways for donations and increasing transparency.

The Giving Block: Bridging Crypto and Charity

About The Giving Block

Founded in 2018, The Giving Block specializes in enabling nonprofits to accept cryptocurrency donations securely.

• Processes over $300 million annually in crypto donations.
• Partners with more than 120 organizations, including:
  • The Tor Project.
  • National Society of Black Engineers.
  • United Way Worldwide.

Previous Collaborations

• Recently collaborated with Cointelegraph to host the Crypto Biggest Brain trivia contest, raising funds for causes such as homelessness, disaster relief, and education.

Why Cryptocurrency in Charitable Giving?

Cryptocurrencies offer unique benefits for donors and nonprofit organizations alike:

1. Global Accessibility

• Enables donors from anywhere in the world to contribute instantly and securely.

2. Lower Transaction Fees

• Reduces costs compared to traditional payment methods, allowing more funds to go directly to the cause.

3. Anonymity and Transparency

• Provides donors the option for pseudonymous contributions while ensuring full transparency through blockchain technology.

What This Means for Philanthropy and Crypto Adoption

The Crypto Cancer Fund represents a major milestone in integrating cryptocurrency with philanthropy:

1. Increasing Mainstream Acceptance

   • As organizations like ACS embrace crypto donations, digital assets gain greater legitimacy.

2. New Opportunities for Fundraising

   • Cryptocurrency offers innovative ways to engage younger, tech-savvy donors.

3. Impact on Research Funding

   • The success of initiatives like the Crypto Cancer Fund could encourage other nonprofits to adopt cryptocurrency as a fundraising tool.

How to Donate

Donors can contribute to the Crypto Cancer Fund through The Giving Block’s secure platform, selecting from the supported cryptocurrencies. For significant contributions, donors can explore recognition opportunities, such as naming the fund or featuring on the Wall of Honor.

Conclusion: A New Era for Philanthropy

The launch of the Crypto Cancer Fund by the American Cancer Society showcases the transformative potential of cryptocurrency in advancing charitable causes. By embracing digital assets, ACS not only opens new doors for cancer research funding but also bridges the gap between the crypto community and philanthropy.

As cryptocurrency continues to gain traction, initiatives like this will play a vital role in reshaping the future of giving. For those looking to make a meaningful impact, the Crypto Cancer Fund offers a unique opportunity to contribute to a cause that affects millions worldwide.

To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.