Payment services provider Shift4 acquires The Giving Block for $54 million -Breaking
[ad_1]
AccordingAccording to an investor presentation, Shift4, a U.S. payment solution provider, announced Tuesday that it had acquired The Giving Block in stock and cash for $54million. There is also a possibility of a $246 million earnout. The Giving Block, an online platform that accepts crypto donations from over 1300 charitable organizations and non-profits is called the “The Giving Block”.
As TelledAccording to its annual report, it processed $79.64 million worth of crypto donations. This is an increase by 1,558% over 2020. Around $12.3 million of that amount came from NFT projects or donations non-fungible tokens. EtherETHNearly half of all the crypto donations were made by, which was the most-popular cryptocurrency donated. The Giving Block donated nearly half of the total volume to Cointelegraph last month. A sample list with six charitiesThe receiving side of cryptocurrency donations, and the positive impact philanthropy can have on such organisations.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]