US Bail Funds Are Seeing an Uptick in Cryptocurrency Donations
Facilitated by crypto payment processor The Giving Block, the Bail Project, the Chicago Community Bond Fund and the Nashville Community Bail Fund, for example, accept cryptocurrency including bitcoin (BTC), ether (ETH) and even basic attention token (BAT). They’ve taken in thousands of dollars in crypto donations since the summer, according to The Giving Block, which could be a sign of larger adoption in the space of bail funds.
The important ability of international donors to contribute easily through crypto is specifically something Wilson was hearing from groups that were part of The Giving Block’s Crypto for Black Lives campaign, which was kicked off this summer to raise money for civil rights organizations, including bail funds. Lamb said cryptocurrency donations are a small portion of the Nashville Community Bail Fund’s total donations.
