Charity swiftly builds on £100,000 a year cryptocurrency donations milestone

The Children’s Heart Unit Fund (CHUF) has received a further £8,000 in a one-off cryptocurrency donation just two weeks after announcing it had reached the £100,000 mark in attracting funds via digital currency over the last year.

In mid-June the charity announced that it had received more than £100,000 in cryptocurrency donations over the last 12 months.

This includes a £70,000 donation in May from MoonBoys Finance, one of the largest ever cryptocurrency donations to a UK charity.

Just two weeks after announcing the £100,000 cryptocurrency fundraising milestone, the charity has revealed that KOJI has donated a further £8,000 in cryptocurrency.

KOJI is a cryptocurrency that went on public sale in June and sold out in less than 30 seconds.

The money will be used to support the charity’s young beneficiaries, who the charity calls Heart Heroes.

“We are beyond grateful for the money that has been donated by Koji,” said CHUF director of fundraising and operations Charlotte Campbell.

“Their generous donation will be used to buy equipment for our Adult Congenital Clinics as part of our commitment to providing lifelong support to Heart Heroes. The donation will be used to buy three 24hr ECG holter monitors and two 24hr blood pressure monitoring systems.

“Cryptocurrency donations can make such a big difference to our Heart Heroes and their families by fundraising for vital equipment.”

CHUF is one of a number of UK charities exploring ways to accept donations using cryptocurrency, which uses blockchain technology to allow digital currency to be distributed transparently and securely.

Among the most commonly known cryptocurrencies is Bitcoin, while others include: Ethereum, Binance Coin, Litecoin, Cardano, Polkadot and Stellar.

In announcing its £100,000 cryptocurrency milestone last month Campbell said: “As a sector we must be bolder and more curious when it comes to new technologies, if we want to continue to thrive then we have to adapt to new ways of fundraising.

“The cryptocurrency world moves so fast, which can be unnerving to some charities, but its also incredibly exciting.

The crypto community has really embraced us as one of their own and we are incredibly grateful to be able to work with people who are so passionate about having a positive impact on the world.”

In March, CHUF was one of five charities using cryptocurrencies profiled by Charity Times.