Cryptocurrencies And The Future Of Philanthropy

credit: Flickr

Bitcoin may be the currency of the future, but there's still a lot of work to be done before it can be used for charitable purposes.

That's according to a study published Tuesday in the Journal of Philanthropy, which looked at how cryptocurrencies can be used for charitable purposes.

The study looked at six types of cryptocurrencies: Stellar, Bitcoin, Bitcoin Cash, Bitcoin Classic, Bitcoin Gold, and Cardano.

Here are the six most common uses of cryptocurrencies for charitable purposes, according to a press release: Sending money to the Red Cross: The study found that people who use cryptocurrencies to send money to the Red Cross can do so at a much lower cost than using cash.

Sending money to the UN: The study found that people who use cryptocurrencies to send money to the UN can do so at a much lower cost than using cash.

Using cryptocurrency to donate to the UN: The study found that people who use cryptocurrency to donate to the UN can do so at a much lower cost than using cash.

Using cryptocurrency to donate to non-governmental organizations: The study found that people who use cryptocurrency to donate to non-governmental organizations can do so at a much lower cost than using cash.

Using cryptocurrency to donate to charities: The study found

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