California ProLife is now able to accept your Crypto currency!
One of our technologically attuned supporters in Silicon Valley insisted that California ProLife should be able to accept crypto currency. The move toward the new digital currency trend has been exploding and now major banks are accepting crypto currency deposits.
California ProLife is pleased to announce that we are now employing the third-party vendor ‘Engiven’ to facilitate donations to our Education Foundation. These transactions are secure and safe. They immediately are equated with the market value in US dollars, and a tax-deductible receipt provided.
To help overcome many of the challenges involved with accepting cryptocurrency, 90 percent of top U.S. charities are now accepting cryptocurrency using a third-party provider to help process the donations. The Salvation Army, and many other churches and non-profits in the U.S. have partnered with Engiven, a service that works with to securely accept and liquidate cryptocurrency donations.
“We’re thrilled that California ProLife as well as the Salvation Army is [accepting cryptocurrency donations], and I think it’s smart that they’ve chosen a partner that’s very experienced in the space,” said Engiven Co-Founder James Lawrence. “I applaud them for their willingness to be innovative, and the timing is perfect.”
While the outward-facing widget for such donations will rest on the California Prolife webpage, Engiven will handle the behind-the-scenes process of accepting and liquidating Bitcoin and Ethereum cryptocurrencies and depositing the fiat currency (USD) via an ACH deposit.
How it works
The process of donating cryptocurrency to California ProLife Ed Fund is simple. A donor with Bitcoin or Ethereum can click on a donation link available on the California ProLife website that will lead to Engiven’s platform, where they will fill out a form with the appropriate data. The donor then sends the cryptocurrency to the public wallet address provided. The form’s submission will synch up with the Bitcoin or Ethereum transaction to the blockchain, the public online ledger used in cryptocurrency transactions.
Engiven will be able to reference the blockchain to confirm the transaction has taken place. Once the transaction is confirmed, the nonprofit receives the cryptocurrency, and the donor receives a receipt showing the value of the currency at the moment of transaction. Through Engiven, cryptocurrency can then be converted into cash and deposited in the nonprofit’s account via an ACH transfer.
Adopting cryptocurrency as a form of donation positions the California ProLife Ed Fund to continue educating Californians on the uniqueness and significance of each Life, and to keep on pace with trends in digital giving.
