Fidelity’s charity unit includes XRP to its list of accepted cryptos for donation; hits $100 million-mark

Fidelity Charitable, the financial services giant’s charity unit, is now accepting XRP, the world’s third-largest cryptocurrency, for donations.

Until now, the unit accepted only four cryptocurrencies - bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and litecoin (LTC), having launched the form of donation back in 2015, according to an announcement shared with The Block late last week. 

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Since the launch, Fidelity Charitable has received more than $106 million in cryptocurrencies. Last year, it received a lesser amount at $30 million in crypto donations as the cryptocurrency market saw a significant hit.

Source: Fidelity Charitable 2019 Giving Report 

The charity organization further said that non-publicly traded assets such as cryptocurrencies and real estate help donors save 20% more in capital gains taxes.

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