This vacation season, fintech provider Unbanked will be enabling crypto donations for Toys for Tots, a program run past the United States Marine Corps that collects toys to distribute to disadvantaged children.

In a Thursday announcement, Unbanked said it would exist allowing users to donate cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as role of a fundraising effort for Toys for Tots. Until December. twenty, proficient Samaritans can transport any corporeality of money towards the program, which has given 604 meg toys to 272 meg children across the The states, Puerto Rico and the U.S. Virgin Islands.

"The cryptocurrency bull market has been good to all of us in this industry and this holiday season is the perfect time to pay information technology frontwards," said Unbanked co-CEO Ian Kane. "Nosotros naturally wanted to utilise the benefits of crypto to requite dorsum during this holiday season."

Unbanked does not exclusively correspond all crypto users' philanthropic endeavors, notwithstanding. A project operating nether the name Elf Token reported it has received $41,200 to be used toward purchases for Toys for Tots as of Saturday, with a goal of raising $100,000 over the holiday season. In improver, the Giving Block, a platform that allows non-profit organizations and charities to accept donations in crypto, currently enables donations using many tokens for the toy collection program.

Related: Charity platform expects significantly larger crypto than fiat donations for Giving Tuesday

Charities, universities, faith-based organizations and others have stepped up the number and amount of donations in crypto equally part of Giving Tuesday this year. Cointelegraph reported on Thursday that the Giving Block raised $2.4 million in crypto this year, representing a 583% increase from the Tuesday later on Thanksgiving in 2022. The platform is aiming to raise more than $100 meg in crypto donations by the finish of the year.