A conservative study by the World bank estimates the global crowdfunding industry to be worth about $96 billion by 2025. Crowdfunding, the process of raising funds from different individuals to finance a business, pursue a nonprofit cause or meet personal needs has now become mainstream with the growth of the internet and its attendant interconnectivity.
It is therefore a sad reality that the top online donation or crowdfunding platforms are focused on fiats. Truzact as a trusted and leading wallet in the cryptocurrency space has taken the bull by the horn by launching the donation tab on the Truzact app.
Only but recently, the world has continued to witness the growing power of cryptocurrency donation in supporting a cause as evidenced in the ongoing Russian invasion of Ukraine. A news report puts the total crypto donation to Ukraine as at March 5, at over $85 million. This has helped in ameliorating the humanitarian crisis and also been a source of great funding to replenish dwindling military supplies.
Benefits of Crowdfunding with Cryptocurrencies
- Censorship: Cryptocurrencies have continued to be used by individuals, organisations and governments to bypass censorship and crackdowns. Only recently, striking truck workers in Canada had about $9 million raised in donations frozen by GoFundMe in the wake of a crackdown from the Canadian government. This wont have been possible if those donations came in the form of cryptocurrencies.
- Speed: bank transfers involving fiat sometimes take over 24 hours to be validated, while crypto transactions happen in real time.
- Value: Fidelity Charitable reports that Nearly half of crypto donors were likely to give $1,000 or more, compared to only 33% of all investors. Donor contributions of digital assets soared nearly twelvefold, totaling more than $330 million in total contributions in 2021.
- Transparency: the inherent transparency of the blockchain technology on which crypto is built on makes it an ideal vehicle for humanitarian intervention.
The Truzact donation button can be used to raise funds for any legal cause that users are passionate about, including but not limited to –
i. Medical
ii. Business
iii. Charity
iv. Creative
v. Personal
vi. Travel
vii Faith
viii. Sports
Why Truzact Donation
- The Truzact app is user friendly and easy to navigate. The donation tab can be found on the home page for easy accessibility.
- Truzact is a reputable and trusted brand with very strong security features put in place to safeguard your funds.
- The Truzact donation is embedded with tabs from the major social media platforms such as Facebook and Twitter for sharing your cause with the public.
- The Truzact platform has no hidden transaction fees but instead takes a small fixed percentage.
- You have the option in choosing the type of cryptocurrency you would want your donations to come in.
- The Truzact donation is here to eliminate the practice of publicly sharing your crypto wallets as this could lead to hackers trying to compromise the wallet.
- The Truzact brand boasts of efficient and effective support staffs handling all enquiries round the clock.
The Truzact donation feature is here to revolutionize the way we raise funds. No wonder, it has been termed the GoFundMe of cryptocurrency. But, the Truzact app is definitely more than a fundraising platform, it’s a lifestyle.
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