U.S. Figure Skating Partners with Engiven to Enable Cryptocurrency Donations

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February 19, 2022,

They are just trying to be nice.

Humble even.

They say the older you get, the more you realize, the less you know.

How sweet.

Life tells a very different story.

The older that people get, if they learn from their experiences, the more they know. In volumes.

Other ways as well.

The global news source CNN educates, “Whereas younger people may have better short-term and get-to-the-point-quickly memory, older folks have had a greater variety of experiences and are better able to build a wider image out of a lot of different parts of memory. They can make more connections because they have more things that have happened to them.”

Good to know.

Something that has rarely happened to older persons is purchasing and trading in cryptocurrency.

Most seniors would not know the difference between it and kryptonite.

When it comes to cryptocurrency, the more they know, the less they care.

As reported by Forbes Magazine, “Cryptocurrency is most popular with young adults: 31% of people ages 18 to 29 have used it, compared to 21% of people ages 30 to 49, 8% of people ages 50 to 64 and 3% of people age 65 or over.”

Cryptocurrency is a young person’s game.

A cryptocurrency is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Despite their name, cryptocurrencies are not necessarily considered to be currencies in the traditional sense and while varying categorical treatments have been applied to them, including classification as commodities, securities, as well as currencies, cryptocurrencies are generally viewed as a distinct asset class in practice.

Makes sense?

Not really and you know what? Most older people are not interested in taking the time to understand it.

When it comes to Crypto, the older you get, not only the less you know, the less you care to know.

For those in the know about Crypto, they are excited about it.

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U.S. Figure Skating is absolutely a young person’s game, especially in terms of participation.

The U.S. Figure Skating Championships is a figure skating competition held annually to crown the national champions of the United States.

The competition is sanctioned by U.S. Figure Skating.

U.S. Figure Skating is the national governing body for the sport of figure skating in the United States. It is recognized as such by the United States Olympic & Paralympic Committee “USOPC” under the Ted Stevens Olympic and Amateur Sports Act and is the United States member of the International Skating Union (“ISU”).

Although the name of the organization is “the United States Figure Skating Association” it is now known as and conducts business under the name “U.S. Figure Skating.”

Founded in 1921, U.S. Figure Skating regulates and governs the sport and defines and maintains the standard of skating proficiency.

It specifies the rules for testing, competitions, and all other figure skating related activities.

U.S. Figure Skating promotes interest and participation in the sport by assisting member clubs, skaters, and athletes, appointing officials, organizing competitions, exhibitions, and other figure skating pursuits, and offering a wide variety of programs.

They are a non-profit organization.

They are also young enough to be attracted to obtaining cryptocurrency.

This might surprise you.

It should intrigue you.

U.S. Figure Skating Partners with Engiven to Enable Cryptocurrency Donations

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Donations to Help Fund Destination Beijing Family and Friends Celebration

News provided by

Engiven, Inc.

Feb 08, 2022, 05:00 ET

SAN DIEGO, Feb. 8, 2022 /PRNewswire/ — U.S. Figure Skating recently announced that it will begin accepting donations and gifts of cryptocurrency via a web-based platform powered by Engiven, creating a new path for supporters to contribute to the organization. Crypto donations will help fund several organizational projects, including Destination Beijing, which bring athletes’ family and friends together in celebration of major international competitions when travel to the event is not possible.

As the members of the U.S. Figure Skating team compete around the world, their family and friends will still be able to support them from afar despite the ongoing pandemic. The upcoming Destination Beijing Celebration will allow family and friends to gather in “U.S. Figure Skating’s Family Room” to watch their loved ones compete on U.S. Figure Skating’s media partner NBCU.

Donations to the Destination Beijing program will help bring these family and friends together and — through the magic of NBC — give them the opportunity for direct, live communication with their athlete after competitions. Together, they will share their stories, hopes and pride during this unique time to cheer on their athletes as they compete on the world’s greatest stage.

U.S. Figure Skating is partnering with Engiven, a company that powers an enterprise-level donation platform that more easily enables nonprofits to add cryptocurrency donations to help fund their causes. Engiven verifies donations on the blockchain, automatically exchanges the crypto for USD, and immediately transfers the funds to U.S. Figure Skating. U.S. Figure Skating is the first National Governing Body in the United States that will accept gifts in multiple cryptocurrencies.

Donors will still be able to choose which fund their gift will support, whether it be through Destination Beijing, Friends of Figure Skating, the Memorial Fund, the Mabel Fairbanks Skatingly Yours Fund, the Synchronized Skating Athlete Support Fund, or the area of greatest need. Every gift to U.S. Figure Skating, which is a 501(c)3 organization, is tax-deductible and has a direct impact on the success of skaters and figure skating programs around the country. Donations provide over $1 million annually to the Organization’s athletes and programs.

“We continue to look for new and innovative ways to provide funding to the U.S. Figure Skating athletes, clubs, programs and initiatives,” Executive Director Ramsey Baker said. “Allowing our supporters to give to U.S. Figure Skating using cryptocurrency makes sense in today’s quickly changing financial marketplace. The more avenues available for current and new donors to support the organization, the more we will be able to directly support our athletes and the many programs that service our members.”

Prior to the Covid pandemic, most nonprofits had an online strategy that included giving. Today, no nonprofit can afford to neglect its online audience, donors and seekers. Crypto is rapidly becoming part of that online ecosystem and platforms like Engiven have been able to equip foundations and nonprofits to benefit from the rapid adoption of crypto giving.

“We couldn’t be more proud of U.S. Figure Skating as they compete against the world’s best,” said James Lawrence, CEO of Engiven. “Providing a technology platform for donors to give cryptocurrency so that these athletes can achieve their dreams is truly an honor. We encourage crypto donors everywhere to support programs like Destination Beijing and the other initiatives of U.S. Figure Skating.”

For more information on how to accept crypto donations for your foundation or nonprofit organization, visit: https://engiven.com For more information about donating to U.S. Figure Skating, visit: https://www.usfigureskating.org/support/donate

About Engiven
Engiven is a leading cryptocurrency donation management platform providing an end-to-end giving solution benefiting nonprofits and their donors. For more information about Engiven, visit https://engiven.com

SOURCE Engiven, Inc.

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