The American Cancer Society has reportedly teamed up with crypto donation firm The Giving Block to establish the Cancer Crypto Fund. 

Specifically, the fund reportedly has a primary goal of securing a minimum of $1 million by early 2021, in an attempt to financially support the research projects being carried out. 

Donations dedicated to support cancer research financially in 2020 has reportedly witnessed a major incline by half compared to 2019 – hitting the lowest point throughout the century, which was heavily affected by the ongoing global health pandemic. 

“The crypto community’s contributions will help re-establish crucial research funding for new discoveries and better treatments to save the lives of family and friends.”

The first crypto donor to make a $250,000 or above donation will reportedly have an opportunity to change the name of the fund, and individuals making donations of $10,000 will go onto the fund’s wall of honor.

The accepted digital coins to make the donations to the funds reportedly include Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT) and Chainlink’s LINK.

“We want as many people to join us in our mission as possible. To do that, we need to ensure people can give to the fight against cancer when, where and how they choose.” Jeff Klass, the American Cancer Society’s interim chief digital officer. 

The Giving Block has reportedly been leading numerous projects, aimed at closing the gap charity and cryptocurrency.