NOWPayments – How charities can benefit from Fantom donations?

Published on: 05.04.2022

Benefits of Fantom donations for charities

Accountability
- Transparency is at the core of every charity work. Organizations receiving donations need to keep their operations, especially financial ones, completely open to their donors and the wider public.
Speed
- Every charity organization needs to receive funds quickly. Unfortunately, standard donation methods cannot offer fast money transfers. Bank transfers sometimes take days. Yet, charities always need money now and not tomorrow. This is why Fantom donations can become a fast-speed alternative to the standard donation options. FTM transactions need mere seconds to complete.
Fees
- Fantom’s low-fee structure eliminates this issue. On average, a user will pay just a few cents in fees for an FTM transaction. Such low fees enable both charities and donors to maximize the value of contributions.
Privacy
- The Fantom blockchain is decentralized, which means that all FTM transactions are peer-to-peer. Moreover, Fantom users do not need to disclose their identities when using the network.
Supportive Community
- Finally, one of the main benefits of using FTM donations is the amazing Fantom community. FTM enthusiasts have a track record of supporting new use cases of their coin

Fantom

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom is built on the consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and Byzantine Fault-Tolerant Layer 1 blockchain protocol. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality.

NOWPayments

NOWPayments is the best service that allows everyone to accept crypto payments on their websites, online stores, and social media accounts. It’s a non-custodial service, meaning it doesn’t hold or store your funds in any way. NOWPayments supports more than 50 cryptocurrencies, and it offers low transaction fees