Bitcharities Brings Nonprofits to the Cryptocurrency Industry
Most of the nonprofits soliciting bitcoin as a donation method don’t even accept it directly, but go through Payment processor services, like BitPay, who exchange some or all of the Bitcoin for cash at the time of the donation and pass the cash to the charity, avoiding uncertainty about volatility. With Bitcoin getting by far, the most attention nonprofits saw an opportunity to secure a new way of having new income. That’s partly because of its incredible growth in value, going from less than $1 in early 2011 to nearly $1.200 at the end of 2013, before dropping into the mid-hundreds....
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