Papa Shiba Charity Outreach

Our Goals

Papa Shiba ($PHIBA) is a cryptocurrency (“crypto”) token focused on helping charities.

We have two primary goals


1. Help charities accept cryptocurrency as a donation asset in order to diversify their income streams.


2. Educate charities - and their members - on what cryptocurrency is and how it works.

Helping Charities With Cryptocurrency

Papa Shiba has partnered with the Engiven.com platform to enable charities to accept cryptocurrency as a donation asset. This platform is currently used by multiple charities such as the Salvation Army, Bob Woodruff Foundation, and the American Rose Society to process cryptocurrency donations.


Papa Shiba and Engiven.com will walk charities through the setup process so they can start accepting cryptocurrency within just one week!


Papa Shiba works with charities to provide direct donations and sponsor promotions through social media to support charities that partner with us.

Learning About Cryptocurrency And PapaShiba

The PapaShiba team has set up an educational platform for token holders, to teach them the basics of cryptocurrencies, how to buy/sell/transfer & what to do with assets held. This service will also be offered to charities who partner with us. For more information on the educational group please navigate to the 'education' tab at the top of the page.

FAQ

What Is Cryptocurrancy?

Cryptocurrency (Crypto) is a virtual currency, a digital asset designed to function as an alternative to sovereign fiat currency (US Dollars, for example) whereby transactions between two parties are verified through a public, distributed ledger (also known as a blockchain). Most people think of Bitcoin or Ethereum when they hear the word “Crypto,” and while Bitcoin is the original (and most widely followed) cryptocurrency, there are a number of other cryptocurrencies available. Engiven.com currently supports over 26 cryptocurrencies.

What Is PapaShiba?

PapaShiba ($PHIBA) is an ERC-20 token built on the Ethereum smartchain. When $PHIBA was launched, the developer sold off a large amount of tokens and exited the project (also known as a “soft rug pull”). So the community decided to take it over and do something different with it. Instead of simply taking a short term “pump and dump” view (like so many of the memecoins out there), we decided to pull together and build something useful and long term. Our focus is on helping people achieve big dreams through crypto, and that is why we are dedicated to charities and education.

What Is Engiven Platform?

The Engiven platform is a third party vendor provided donation software technology that enables nonprofits to safely and securely receive cryptocurrency donations and then convert those donations into usable fiat currency such as US dollars. Learn more about Engiven here.

Is It Legal For A Charity To Accept Donations Of Cryptocurrency?

Yes. It is lawful for a nonprofit to accept a donation in the form of a cryptocurrency. In March 2014, the United States Internal Revenue Service (IRS) ruled that Bitcoin is treated as property for tax purposes (IRS Notice 2014-21).

Can A Charity Hold Cryptocurrency As An Asset?

Yes. It is lawful for a nonprofit to accept a donation in the form of a cryptocurrency. In March 2014, the United States Internal Revenue Service (IRS) ruled that Bitcoin is treated as property for tax purposes (IRS Notice 2014-21).

Copyright ©2021 Papa Shiba. All rights reserved.