Bitcoin for Nonprofit Organizations - Regulations and Reservations
Bitcoin is gradually gaining acceptance across the world as a digital currency. A lot of businesses across various sectors have started including bitcoin as one of the modes of transaction alongside fiat currency. Most businesses, except for those in the non-profit sector can easily setup a bitcoin based payment service and start using it in no time, without any hassle in terms of regulations and other legal implications. Why are nonprofit organizations singled out? When someone says nonprofit organization, we visualize social good. We think about the humanitarian causes supported by these....
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The global nonprofit Operation Smile has announced the organization is now accepting crypto assets like bitcoin and dogecoin. The nonprofit is a surgical volunteer-based outfit that helps people with cleft conditions improve their lifestyles. Surgical Volunteer-Based Nonprofit Operation Smile Accepts Crypto Donations On July 18, one of the largest surgical volunteer-based nonprofit in the world, Operation Smile revealed the group is now accepting digital asset donations. The charitable organization invoked in 1982 leverages donations, volunteers, and public and private partnerships to....
If you are a board member, a CFO or a CEO of a nonprofit, you owe it to your mission to study Bitcoin. The post Why Your Nonprofit Should Be Thinking About Bitcoin appeared first on Bitcoin Magazine.
Established in 2013 by Connie Gallippi, the recognized 501c3 nonprofit BitGive is known for its work with projects such as Save the Children, The Water Project, and Medic Mobile. The group is also in building a Donation Transparency Platform for nonprofits as a “Charity 2.0” project that aims to revolutionize philanthropy. Gallippi chatted with....
It's not only big companies like Overstock.com and DIRECTV accepting bitcoin. Nonprofit organizations are coming aboard, too. The big news this morning is that the world's largest privately held nonprofit organization, United Way Worldwide, is now accepting bitcoin donations in partnership with San Francisco-based Coinbase. In a blog post published today, Coinbase wrote: We're thrilled to enable the Bitcoin community to contribute to United Way's longstanding mission of mobilizing the caring power of communities across the world to advance the common good. United Way seeks to improve....
Nonprofit United Way Worldwide announced today that it now accepts donations in bitcoin, officially becoming the largest charitable institution to adopt the digital currency into its operations. The US-based organization currently holds the title of largest privately held nonprofit in the world, raising more than $5bn annually with more than 2.8 million volunteers, 9.7 million donors and community initiatives, and partnerships with such companies and organizations like the National Football League (NFL). United Way accepting bitcoin signifies the further alignment of the charity with its....