BFI charity pledges $90M for health, $200M for startups, promotes blockchain for charity efforts

From Cointelegraph

March 19, 2025 8:00 AM:

Blockchain For Impact (BFI), led by Polygon co-founder Sandeep Nailwal, pledges $90 million to advance biomedical research and healthcare innovation, promoting blockchain adoption for charity efforts. An additional $200 million will support healthcare startups and public health systems. BFI has already funded impactful projects in India’s healthcare sector.

Cryptocurrency donations are gaining traction among global charities due to blockchain transparency and reduced transaction fees. Large organizations like the UK Red Cross and Save the Children embrace crypto donations. The Given Block partners with Gemini to enhance security for nonprofits. Transparency in donations leads to increased contributions, with Fast Company reporting a 53% increase in donations for transparent organizations.

The Giving Block projects crypto donations to reach $89.27 billion by 2035 as the crypto market expands. The transformative potential of digital donations is evident in the growing acceptance of crypto by charities globally. With over 70% of top US charities now accepting crypto, the future of philanthropy is increasingly digital.

Read more at Cointelegraph: BFI charity allocates $90M, pledges $200M for health, climate initiatives