American Cancer Society Launches $1M Cryptocurrency Fund

The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund.

By Tanzeel Akhtar

Jan 27, 2021 at 11:15 a.m. UTC

Updated Sep 14, 2021 at 11:01 a.m. UTC

Tanzeel Akhtar

The American Cancer Society (ACS) has launched a cryptocurrency fund to support cancer research.

The non-profit organization announced Tuesday it has partnered with cryptocurrency donations platform The Giving Block to launch the fund, setting a fundraising target of $1 million by early 2021.
Cryptocurrency raised through the Crypto Cancer Fund will go directly to funding the society's cancer research program, supporting research for "new discoveries and better treatments."
The first cryptocurrency donor to contribute $250,000 or over will have the opportunity to choose a name for the fund, such as after themselves or a loved one.
Any donations of $10,000 or more will feature on the Crypto Cancer Fund “Wall of Honor.”
Contributions in bitcoin, bitcoin cash, ether, litecoin, zcash, gemini dollar, basic attention token and chainlink are accepted.
“I believe cryptocurrency will play a pivotal role in curing cancer,” said Pat Duffy, cofounder of The Giving Block, in a statement. “With bitcoin hitting a new all-time high, the creation of this new fund opens the door for the booming crypto market to save lives.”

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