The partnership with the crypto donation platform Engiven will give Figure Skating in the US a platform to collect donations via crypto.
Cryptocurrencies have entered the sports industry with ease in the past couple of months: from NBA players accepting salaries in Bitcoin to partnerships with crypto giants. In fact, digital assets have become a lot more popular amongst charities and fundraisers than ever.
By partnering with Engiven, all the donations directed towards US Figure Skating will be converted into USD on the platform, and sent to the sports organization, becoming the first-ever "National Governing Body in the United States that will accept gifts in multiple cryptocurrencies."
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is a Bitcoin Faucet? Pros & Cons Explained (With Animations)
Accepted cryptocurrencies include Bitcoin, ETH, Dogecoin, USDC, and PAXG.
Based on the report by Engiven, the collected donations will be used to support families of the members who are part of the US Figure Skating team, especially during the Destination Beijing program when the figure skaters will be far away from their athletes.
Ramsay Baker, Executive Director of the Figure Skating Organization in the US, spoke about looking for new ways to support the team due to it being a niche sport, stating:
"Allowing our supporters to give to U.S. Figure Skating using cryptocurrency makes sense in today's quickly changing financial marketplace. The more avenues available for current and new donors to support the organization, the more we will be able to directly support our athletes and the many programs that service our members."
Not only that, supporters of the Figure Skating Organization will be able to choose which program they would like to donate to, and, according to the CEO of Engiven James Lawrence, "help these athletes achieve their dreams."
