American Society Against Cancer begins accepting donations in Bitcoin
The organization addresses the benefits of receiving cryptomorphs as a donation, citing that it is more efficient because it has fewer taxes.
The largest cancer volunteer health organization in the United States now accepts Bitcoin and other cryptomoreds as donations. The American Cancer Society (ACS) is dedicated to fighting cancer by preventing, saving lives, and reducing the suffering of cancer victims through research, education, and services.
The ACS said today that it has gone on to accept cryptomoreds due to the reduction in donations it has received since the pandemic began. According to the organisation, donations have fallen by 50%, reaching the lowest level in 100 years.
ACS’s global cancer control focus is on working on cancer treatment in low and middle income countries. The global program aims to end cancer worldwide through programs that support local organizations, hospitals, and government ministries in their efforts to raise awareness of cancer prevention and tobacco control.
„Donating cryptomycin is now more important than ever. COVID-19 has reduced our ability to fund cancer research by 50% by 2020 – the lowest investment of this century. We need your help to restore research funding for new discoveries and better treatments to save the lives of family and friends.
The company addresses the benefits of receiving cryptomorphs as a donation, citing that it is more efficient because it has lower taxes.
„Donating cryptomorphs directly to the American Cancer Society is more tax efficient than donating money and can save you money. It is a non-taxable event, which means that you don’t owe capital gains tax on the amount appreciated and you can deduct it from your taxes. This means you can donate more to charities as well as deduct more on your tax return. The difference? Sometimes more than 30%“.
Cryptomorphs accepted are: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attetion Token (BAT), Chainlink (LINK).
The organization now joins a growing list of companies and institutions that adopt cryptomyces worldwide. The World Human Rights Organization also accepts Bitcoin as a donation and even funds the development of digital currency.
This shows that the adoption of digital currency does not stop and people are gradually learning about the benefits of cryptomorphism.