Digital asset companies Lukka and Coinbase are collaborating to support a new non-profit organization, GiveCrypto.org, founded by Brian Armstrong, CEO of Coinbase. The philanthropic organization accepts cryptocurrency donations and distributes them to people living in poverty. As part of the collaboration, Lukka has donated its crypto accounting and tax solutions to ensure accurate and complete financial reporting.
GiveCrypto’s mission is to financially empower people in need by distributing cryptocurrency globally. GiveCrypto’s website explains that two billion people have smartphones, but don’t have access to basic financial services. The organization connects people in need to an open financial system, fueling local economies and helping drive the real-world utility of cryptocurrency.
To date, GiveCrypto has raised $4 million for individuals, families and communities. Recipients can cash out crypto to their local currency, buy goods and services they need, and transact in crypto or hold it long term. To make a tax-deductible donation, please visit www.givecrypto.org.
“Here at Lukka, we believe in a true digital future which includes ensuring all people have access to basic financial services,” said Jake Benson, Founder and CEO of Lukka. “That is why we are honored and excited to donate our technology and experience in furthering the vital mission of GiveCrypto.”
Under the new partnership, Lukka Crypto Office, Lukka Reference Data and Lukka Pricing & Valuation solutions are used to streamline and enhance financial reporting process ensuring donations are fully accountable.
“Coinbase is grateful to Lukka for their support of our mission and their generous donation to our cause,” said Jennifer Jones, Chief Accounting Officer at Coinbase who supports GiveCrypto finance functions. “It is only through the combined effort of all members of the crypto community that we are truly able to financially empower people in need around the world.”
Founded in 2014, Lukka is a trusted, blockchain-native technology company that delivers leading products for the crypto asset ecosystem. Lukka’s products automate and optimize accounting, audit and tax processes for funds, fund administrators, OTC and proprietary trading firms, exchanges, miners, protocols and accounting firms. Lukka’s premier solutions enable the transformation of distributed and decentralized data into auditable information within a highly scalable and secure SOC 1 Type 2 infrastructure. Lukka is based in New York City.
For information about Lukka, visit www.lukka.tech.
Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. We’re based in San Francisco, California.
Bitcoin is the world’s most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.