Cloud computing provider for nonprofits, foundations, and corporations, Blackbaud Inc. ( BLKB ) facilitates cryptocurrency donations for U.S. nonprofits.

The company said that its JustGiving platform will now support cryptocurrency donations, enabling U.S. nonprofits to receive digital currencies.

Previously available to U.K. charities, this feature will allow many U.S.-based organizations to accept cryptocurrency along with conventional donation methods.

The platform now accommodates more than 60 cryptocurrencies, such as Bitcoin (BTC / USD), Ethereum (ETC / USD), and widely known meme coins like Doge and Shiba.

“In recent years, there has been a surge in the use of cryptocurrencies, and we’re continuing to innovate for our nonprofit customers to make sure they have access to the latest in payments technology and accelerated giving,” said chief of product innovation Jerry Needel.

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To support this update, Blackbaud ( BLKB ) has teamed up with The Giving Block, a service for cryptocurrency donations. The Giving Block’s platform enables donors to contribute using various digital currencies.

“580 million people now use cryptocurrency around the world, and the market is worth over $3 trillion,” said Alex Wilson, co-founder of The Giving Block.

The partnership ensures that cryptocurrency donations are instantly converted to U.S. dollars before being distributed, shielding nonprofits from market fluctuations.

In 2024, nonprofit organizations received more than $1 billion in cryptocurrency donations, largely due to the tax advantages, like capital gains tax relief, that digital currencies offer.

JustGiving has raised more than $9 billion for various charities since its launch in 2000. The introduction of cryptocurrency donations follows the platform’s earlier integration of AI to assist fundraisers in crafting persuasive campaign stories.

Price Action: BLKB shares are trading higher by 0.04% at $79.64 at the last check Wednesday.

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