Tipping Point, a non-profit organization has raised more than $14 Million USD. The organization has raised this much amount due to accepting cryptocurrency donations.
This amount was raised during a gala in San Francisco, the gala event saw attendance from various leaders from the crypto sector.
Words from different leaders:
Chris Larsen, CEO of Ripple attended the gala and shared few words:
It’s great to see in the Bay Area because this is all about making sure that wealth is getting to people who need it most, and this helps lubricate that goal.
Dan Morehead, the CEO, and founder of Pantera Capital Management said:
It’s a productive and worthwhile application from a nonprofit that’s driven by some of the most innovative minds in San Francisco
Brian Armstrong, the CEO, and co-founder of Coinbase said:
I think a lot more charities will be accepting crypto in the future
All the crypto gifts received by Tipping point will be converted to fiat currency and will be spent within the next financial year. These gifts were encouraged through a page in event’s programme hosting QR Codes that accepts donations in the form of BTC, ETH, and XRP.