While most of the world’s cryptocurrencies were born and bred in the world of Internet forums and chat rooms, Africa’s first ever cryptocurrency was created to raise money for a good cause — the preservation of Africa’s wildlife. The non-profit organization, Crypto Savannah, which was founded in Johannesburg, South Africa, is supposedly Africa’s number one crypto destination and its primary focus is to contribute to the preservation of Africa’s wildlife.
The oldest protected area in Namibia, Africa, home of the country’s oldest and most successful private rhino sanctuary, has announced it will accept donations in Dash, Cryptocurrency and Ethereum. To celebrate this adoption, the conservancy is willing to donate $250 worth of cryptocurrency to the first 10 donors who make a contribution of at least 0.1 Dash, Cryptocurrency or Ethereum. The donation page is located at http://www.umbwimbi.org/donate-crypto/
One of Africa’s largest wildlife sanctuaries, Virunga National Park in the Democratic Republic of Congo (DRC), has said it is now accepting donations via cryptocurrency. She says the donations will be used to protect DRC’s famous mountain gorillas and the ecosystems they inhabit.
A tax-efficient way to support Virunga
In a recent statement on its website, Virunga, home to one of Africa’s oldest national parks and most biodiverse protected areas, says it will initially accept donations in 12 cryptocurrencies. Some of the accepted crypto-currencies are BTC, BCH and ETH. The statement also explains why supporters should consider donating in cryptocurrency. It reads as follows:
In many countries, a gift in cryptocurrencies is considered a tax-free event, meaning you don’t have to pay capital gains tax on the amount valued and you can deduct it from your taxes. This could make donations in Bitcoins, Ethereum and other cryptocurrencies one of the most tax-efficient ways to support Virunga National Park.
Virunga National Park, which is a UNESCO World Heritage Site and internationally recognized for its extraordinary wildlife and habitat, nevertheless encourages benefactors to consult tax experts before making a donation.
Why crypto-currency donations
At the same time, the statement also mentions some of the considerations that led Virunga to choose cryptodonations. For example, Park recognizes that many people who invest in cryptocurrencies have an affinity for nature and a strong sense of social justice. By accepting donations in cryptocurrency, Virunga enables environmentally conscious and tech-savvy individuals to donate Virunga cryptocurrencies directly in a tax-efficient manner.
However, Virunga assures supporters that donations in cryptocurrencies will be used just like regular donations. This means that cryptocurrencies will now be used to help protect Congo’s mountain gorillas and the park’s rich biodiversity. Donations also support sustainable development projects such as the creation of renewable energy sources. Moreover, like fiat currency, crypto-donations will ensure a constant presence of rangers – the guardians of the park’s long-term survival.
What do you think of Virunga’s decision to accept donations in cryptocurrencies? Tell us what you think in the comments below.
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