Unlike traditional banking transactions that can take many days to clear and reach your bank account, the transactions on the Stellar network are available within a few seconds. This has value in many ways, but is not even where we see the most value for nonprofits. The value here comes from the quickness and ease in which a cryptocurrency donation can be initiated.

A cryptocurrency donation is nearly as easy on the donor as a one-click purchase is on an Amazon shopper. A donation can be initiated with a simple scan of a QR code on a mobile phone. When the new donor comes in contact with the organization, they simply open their crypto wallet on their phone, scan the QR code, enter the amount and hit “send.” The donation then instantly goes to the nonprofit’s wallet. This means a fundraiser “on the go” can collect donations instantly and that the QR code can be included in any article or social media post and a donation can be sent to the nonprofit without the donor ever having to leave that webpage. (There are even wallet developers making “know your customer” wallets that are pre-verified so nonprofits can trust these virtual donors.) Ultimately this is sales 101, the more clicks it takes to ink the deal, the fewer the sales. The same principle applies to donations.