The Giving Cake, a major organization focused on the cryptocurrency donations industry, continues to expand its crypto charity attain with a new partnership.

The organization volition exist working with charitable platform provider RenPSG to allow its donors to movement cryptocurrencies like Bitcoin (BTC) into new donor-brash funds to back up nonprofits and other charitable organizations, The Giving Block announced Sept. 23.

As part of the partnership, RenPSG will start offering a solution that allows charities to accept more than 45 different cryptocurrencies like Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE).

Renaissance Charitable Foundation, a donor-advised fund sponsor, volition exist the outset of RenPSG'southward institutional clients to begin accepting crypto donations via the new solution starting this week, The Giving Cake said.

Founded back in 1987, RenPSG is a major charity platform operating a custom donor-advised solution by providing a proprietary philanthropic software known equally DFX. According to The Giving Cake, the RenPSG supported $xvi.6 billion in donor-brash fund assets for financial firms and nonprofit organizations throughout the United States in 2022.

"With RenPSG's massive reach, The Giving Cake is taking another pace towards making crypto philanthropy a worldwide phenomenon," the organization noted on Twitter.

Kelly Palmer, RenPSG's executive director vice president of strategic growth operations, pointed out that the platform is embracing crypto donations in response to the growing industry adoption:

"As the number of cryptocurrency users has grown, so has the number of crypto donations. Nosotros look many of our clients to take advantage of this solution to diversify the types of assets they accept into their donor-brash fund offering and create interest to a whole new pool of donors."

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The Giving Cake co-founder Pat Duffy told Cointelegraph that Bitcoin and Ether were the top donated cryptocurrencies throughout the organization's network in 2022. "Historically Bitcoin has been dominant, but this year ETH seems to be pulling abroad with the pb," he noted, calculation that DOGE donations have also seen a surge this year.

Founded in 2022, The Giving Block is a major crypto donation solution focused on helping nonprofits raise funds in cryptocurrencies like Bitcoin. On Mon, the system announced that it is on pace to procedure over $100 million in cryptocurrency donations in 2022. The Giving Block also expects to facilitate $1 billion in cryptocurrency donations in 2022 through a number of partnerships that are set to go live in the quaternary quarter of 2022 ahead of Giving Flavor.