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Cryptocurrency Lifeline for Africa's Oldest Wildlife Conservancies
By Shane Addinall May 16, 2021 IndustryWildlife conservancies like Virunga National Park and other organisations are experiencing the positive effects of digital currency through the receiving of charitable donations. Explore with us how the crypto world is working for the environment.After years of battling for broader recognition, cryptocurrency is finally making great headway into areas of everyday usability. More and more organisations and businesses now accept it as a viable method of trade for both goods and services and it has even opened fresh avenues for both humanitarian aid and nature conservation, as Virunga National Park is now experiencing.
The wildlife conservancy based in the Democratic Republic of Congo released a statement on its website notifying the public of its acceptance of virtual currency for charitable donations, a notable milestone in the evolution of Bitcoin usage.
Embracing the New to Protect the Old
All businesses and organisations looking to survive in the 21st century must embrace technological advancements in order to sustain good growth. Virunga is evidently aware of this and acknowledges that there is a sector of society among the newer tech-friendly generation that are eco-conscious.
A statement on their website reads:
"As well as being native to digital landscapes, many people invested in cryptocurrencies exhibit an affinity for the natural world and a strong sense of social justice. By accepting crypto-donations, we make it easier for tech-minded, eco-conscious individuals to directly donate cryptocurrency to Virunga in a tax-efficient way."
The National Park goes on to explain that crypto income helps the organisation accomplish many of the same things that normal fiat currency does. This includes ongoing conservation of the park’s biodiversity (including its gorillas), the support of sustainable development projects, and salaries for its rangers, who bring all these efforts to fruition.
Currently, the conservancy accepts payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), ChainLink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI), Amp (AMP).
Added Benefits for You
While contributors can rest in the fact that they are supporting one of Africa’s largest wildlife conservancies and making a real difference for all the species of plants and animals protected there, there may be another perk to giving to the park.
Virunga’s website highlights the benefits of possible tax advantages. It reads:
"In many countries, donating cryptocurrency is classed as a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This can make Bitcoin, Ethereum, and other cryptocurrency donations one of the most tax-efficient ways to support Virunga National Park."
Be sure to consult with a tax professional in your country about the laws regarding crypto and tax revenue in your region, as it may differ from the stance above.
No More Aping Around!
As a further show of the usefulness for blockchain-related technologies in the conservation environment, a South African blockchain company, Wildcards, introduced a new crypto platform in support of nature. It trades in collectable NFT cards of endangered wild animals.
Each card is unique to a specific animal under the care of an organisation supported by Wildcards. It is a one-of-a-kind digital asset with a back story and in some cases, may even contain a picture of the said animal in the token file. Part of the profits for sales of these tokens goes towards the conservation of endangered animals in Africa.
It is encouraging to see that new blockchain-related markets are clearing new paths and that people are realising the blockchain’s power to do good. It is deeds like this that brightens the future of crypto, a talking point that is so often seen through bad light.
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