During the month of Ramadan, a British Mosque in East London collected four time more in cryptocurrencies then in fiat money. Showing how cryptocurrencies are opening the doors to innovative ways charities can be funded.
People from around the global donated cryptocurrencies to the charity which provides shelter and food to needy residents as well as paying for Muslim funerals for poor Muslims.
The Hackney mosque’s chairman Erkin Guney, told local media “Many people at the mosque were initially doubtful about us accepting this new money, but the fact we received four times more in cryptocurrency donations shows how important it is to be open to these new digital currencies.”
The cryptocurrency community is supporting all kinds of charitable organizations. Other recent cases include Binance donating $1 million to Japanese flood victims, and Paxful granting academic scholarships to female Afghan refugees in the US.