Top 5 charities & how they can benefit from Litecoin
June 22, 2022 by Walt
Litecoin is a cryptocurrency with one of the highest market capitalizations. Litecoin is a currency that has been around for a long time and has attracted a lot of interest among the crypto community members. As a result, there are thousands of Litecoin owners all around the world who utilize the currency. Litecoin’s excellent utility makes it a perfect asset for many purposes. For instance, Litecoin can be used as a means of donation by charities. NOWPayments provides charities with a chance to set up a Litecoin donation gateway.
- Litecoin donations are transparent and quick.
- Litecoin transactions offer privacy and low gas fees.
- Charities can use NOWPayments’ tools for featuring LTC donations.
What are the best charities in 2022
CARE is a charity that has been leading the way to a better life for the world’s most vulnerable people for more than 75 years. In 2020, CARE worked in over 100 countries, reaching more than 90 million people through 1,300 projects. CARE is a global leader within a worldwide movement dedicated to ending poverty. The organization is known everywhere for its unshakeable commitment to the dignity of people. CARE seeks a world of hope, inclusion, and social justice, where poverty has been overcome, and all people live with dignity and security. The organization puts women and girls in the center because it believes that poverty cannot be solved without equal rights and opportunities.
The Nature Conservancy
The Nature Conservancy is working on tackling the dual threats of accelerated climate change and unprecedented biodiversity loss. Science determines the focus of the organization, and equity guides how it achieves lasting results. The Nature Conservancy has decades of local on-the-ground experience. It maximizes its ability to affect change by bringing together real-world solutions, policy expertise, sustainable financing, and collaborative partnerships. The organization’s approach is based on evidence, so it has a grounding in rigorous science. It takes innovative conservation approaches from idea to impact and to scale to achieve system change.
Direct Relief is a humanitarian aid organization active in more than 80 countries, with a mission to improve the health and lives of people affected by poverty or emergencies. Direct Relief’s work is not affected by politics, religion, or the ability to pay. The organization honors the generosity of its donors by following a firm policy of full transparency in all of its operations. The organization routinely reports on how donations are used and makes its financial documents. Direct Relief focuses on a diverse set of assistance programs. For instance, it offers maternal and child health assistance funds for the prevention and treatment of disease and emergency preparedness and response.
Founders Pledge is committed to finding and funding sustainable solutions to the emissions crisis that still allow growth, freeing millions from the prison of energy poverty. Current levels of emissions are contributing to millions of deaths annually from air pollution and causing irrevocable damage to our planet. In addition, millions worldwide do not have access to modern energy technology, severely hampering development goals. The Fund is a philanthropic co-funding vehicle that does not provide investment returns.
Habitat for Humanity
Habitat for Humanity is a nonprofit housing charity empowering people in the planet’s poorest communities to overcome the chronic lack of decent housing. Housing poverty worldwide is extremely widespread. So, the organization engages in many ways to solve housing problems. Together with partners and volunteers, Habitat for Humanity provides new housing solutions and opportunities for people. The organization’s vision is a world where everyone has a decent place to live. It is constantly looking for new solutions that would make adequate housing accessible and affordable for all. It helps to make buildings more energy-efficient, provide water and sanitation solutions, mitigate the effects of disasters and support housing microfinance loans.
How can charities benefit from Litecoin?
Low gas fees
Cryptocurrency donations are an incredible solution for those charities that do not wish to encounter outrageous bank fee expenses. The costs that paying bank fees entails for charities are massive, and they eat into the donation sums received by charities. So, charities end up missing large sums of money due to the bank fees. This also significantly reduces the size of donations made by donors. LTC gas fees, on the other hand, are among the lowest ones on the market. So, LTC donations can help charities ultimately receive more money since they will no longer be subject to large bank fees.
Quick transaction processing
Simultaneously, blockchain technology, especially the one used by Litecoin, enables superior transaction processing. Therefore, crypto transactions are typically quick and take only a few minutes on average. In the case of Litecoin, the processing of one transaction is much faster than that of Bitcoin. Quick donations let charities receive money in a faster way and gain access to liquidity without any delays. Faster donations are also perfect for donors since they do not need to wait long hours to make sure that their donation has reached the recipient.
The anonymity provided by the Litecoin blockchain is another appealing feature of the network. People using Litecoin do not disclose their personal information to any third parties. A crypto address is all that is required to begin using cryptocurrencies such as LTC. Furthermore, because blockchains are fundamentally decentralized and do not have central authorities supervising all on-chain operations, all crypto transactions take place solely between two users, the sender, and the recipient. As a result, users can utilize Litecoin privately. The privacy provided by Litecoin is ideal for charities that want to allow their donors to make anonymous donations.
Another benefit that the Litecoin blockchain can bring to charities is transparency. Essentially, every single LTC transaction is recorded and saved on the blockchain. In the case of Litecoin, information about transactions conducted by crypto addresses is available to the public. Such a level of transparency provided by blockchains can be very beneficial for charities. Charities may ensure that information about the amount of money donated to them is always available to the public.
Tools for accepting LTC donations
NOWPayments enables charities to accept LTC donations through several tools. For instance, charities can deploy special Litecoin donation links, which are perfect for using them on social media. Charities that have accounts on Instagram, Facebook, YouTube, Twitter, and other platforms can easily place their donation link there and start accepting LTC donations.
Apart from links, there are also buttons that can be deployed by charities on their official websites. Additionally, those charities that have a Twitch account can use the button feature there. The button can be set up in a matter of minutes, and charities can utilize it to get LTC donations.
Widgets are the coolest-looking tool for featuring Litecoin donations. Charities can integrate widgets by placing them on their websites or on their blogs. Widgets have a user-friendly interface that any person can navigate. Widgets process all donations automatically, so charities do not need to do anything.
Litecoin is a cryptocurrency that can be easily integrated by charities as a reliable donation solution. NOWPayments lets charities use a variety of tools such as buttons and links to accept LTC donations.
Learn more about Litecoin:
- Litecoin on eCommerce plugins
- How to accept Litecoin in brick-and-mortar stores?
- Litecoin Point-of-Sale
- 5 ways Litecoin will boost your business
- Best Litecoin use cases in daily life
- Businesses accepting Litecoin
Read this article and more in the NOWPayments blog: Top 5 charities & how they can benefit from Litecoin
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NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees, and is available worldwide.
- Over 150 cryptocurrencies are accepted on the platform with an in-built exchange feature;
- API, widgets, plugins, links, and buttons are all easy to integrate;
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