The Al Jalila Foundation, a charitable organization based in the United Arab Emirates, recently announced that it has been granted permission to accept cryptocurrency donations. Accepting cryptocurrencies allows the foundation to receive funds through one of the fastest-growing donation methods, according to its website.
Al Jalila Foundation, a healthcare organization in the United Arab Emirates (UAE), announced that it has been granted permission to accept digital money and that well-wishers can now donate using cryptocurrencies. Al Jalila Foundation has become one of the first nonprofit organizations in the UAE to accept cryptocurrencies.
Al Jalila Foundation also announced a partnership with an unnamed “leading cryptocurrency platform” in a recent statement. Abdulkareem Sultan Al Olama, the foundation’s CEO, said of the move, which expands the organization’s donation channels:
“As a philanthropic organisation we rely on charitable donations and we are always seeking innovative ways to expand our donation channels for ease of convenience for donors from all around the world to support our programmes. Therefore, as an emerging source of fundraising, providing the opportunity to the growing number of crypto users around the world to donate to Al Jalila Foundation to causes that interest them is a win-win for us as a foundation and the donor community.”
Olama also lauded a decision which he said makes Al Jalila Foundation the “first” healthcare charity in the country to accept donations in cryptocurrencies and one that bridges the gap between physical and digital currency. With the decision to accept cryptocurrencies, Al Jalila Foundation joins other prominent charitable organizations like Save the Children, which chose the Cardano Foundation as its partner.
Accepting cryptocurrency donations gives the Al Jalila Foundation, which has reportedly raised millions since its inception in 2013, an opportunity to get funding via what the statement calls a fast-growing donation method favored by Millennial and Gen-Z donors.
