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Shift4 and The Giving Block Announce $20 Million Cryptocurrency Philanthropy Campaign
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Rhea-AI Summary
Shift4 (NYSE: FOUR) has launched the “Caring with Crypto” campaign, aiming to raise over $20 million for nonprofit organizations, with $10 million in matching funds from CEO Jared Isaacman. The initiative supports various causes, including Ukraine relief efforts, where nearly $2 million has already been raised. This campaign highlights Shift4's commitment to integrating cryptocurrency donations with traditional payment methods, enhancing its role in the crypto philanthropy space.
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Launch of 'Caring with Crypto' campaign targeting over $20 million in donations.
CEO Jared Isaacman to match the first $10 million in donations.
Successful integration of cryptocurrency fundraising aligns with Shift4's growth strategy.
Expanding capabilities for nonprofits to accept both crypto and traditional payments.
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The “Caring with Crypto” campaign will include $10 million in matching funds and includes support for Ukraine relief efforts
ALLENTOWN, Pa.--(BUSINESS WIRE)--
Shift4 (NYSE: FOUR), a leading provider of integrated payment and commerce technology, today announced the launch of the “Caring with Crypto” campaign to raise over $20 million for nonprofit organizations on The Giving Block, a cryptocurrency fundraising platform that Shift4recently acquired. Shift4 CEO Jared Isaacman will personally match the first $10 million in crypto donations through the initiative, with the company aiming to create the largest cryptocurrency fundraising campaign in history.
(Graphic: Business Wire)
This campaign will benefit a wide range of causes, including Ukraine humanitarian efforts. The Giving Block has already raised nearly $2 million for Ukraine relief efforts on the platform through their Ukraine Emergency Response Fund, with that total rapidly increasing.
The Giving Block operates the leading crypto donation marketplace, connecting cryptocurrency donors with over 1,300 nonprofit organizations. The platform offers a turnkey solution for nonprofits looking to accept crypto donations, including Bitcoin, Ethereum, and over 70 other cryptocurrencies.
“To celebrate The Giving Block joining the Shift4 family, I’m proud to support the forward-thinking nonprofit organizations that are utilizing this platform,” stated Isaacman. “As Shift4 aims to become a leader in the cryptocurrency movement, this historic matching campaign will help crypto donors multiply the impact of their giving while bringing greater awareness and participation in crypto philanthropy.”
To build on its recent acquisition of The Giving Block, Shift4 will invest further in the company’s successful strategy while also bundling crypto donation capabilities with traditional card acceptance to deliver a truly differentiated, end-to-end fundraising solution for nonprofits. This means that nonprofit organizations will be able to accept both traditional and emerging payment methods seamlessly. Shift4 and Isaacman have also set up a separate multi-million-dollar matching pool to benefit all new nonprofit organizations that join The Giving Block platform or sign up for the company’s end-to-end offering.
The Giving Block also brings a team of cryptocurrency & blockchain technical talent to Shift4, where they will establish a Crypto Innovation Center to integrate crypto acceptance and settlement capabilities across the company’s current offerings in a wide range of verticals.
About Shift4 Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.
About The Giving Block
The Giving Block makes Bitcoin and other cryptocurrency fundraising easy for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto technology to achieve their mission. Discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at TheGivingBlock.com.
