Singapore Red Cross to allow crypto donations
The Singaporean branch of the nonprofit humanitarian organization Red Cross has partnered with the crypto payments gateway, Triple-A, to allow crypto donations . People can now donate four digital currencies — Bitcoin (BTC), Ethereum (ETH), USDT, and USDC. According to an announcement by Singapore Red Cross, a payment gateway is provided by Triple-A. Moreover, the nonprofit claims that payments are compatible with all wallets. Triple-A provides locked-in exchange rates. You might also like: Singapore grants payment institution license to Blockchain.com However, Singapore Red Cross stated that crypto payments are not tax-deductible. Instead, users can donate funds via their credit cards to obtain a tax deduction. Per the announcement, all crypto donations will fund our local humanitarian work, which supports isolated seniors, persons with disabilities, children, youth, and families from disadvantaged backgrounds. This is not the first dive into the crypto world take...