Bitcoin in Philanthropy: What You Need to Know

Bitcoin_w_US_Currency_Full_WideIn our last blog post, we discussed the major businesses and charitable giving campaigns that are adopting Bitcoin (BTC) as a means of payment. With organizations like the BitGive Foundation cropping up and even more accepting Bitcoin donations like Dignitas, it’s easy to see why the digital currency is gaining traction in the nonprofit sector. Some key benefits inherent to Bitcoin make this possible, while very real risks must still be addressed before we can expect mainstream Bitcoin donations.

Benefits to Nonprofit Sector

Risks to Nonprofit Sector


Before we can expect mainstream acceptance of digital currencies, a number of improvements become necessary. While increasing user-friendliness is a major concern, a more immediate one is to educate the public about these tools and their proper use. Moreover, transaction regulation in the form of intermediary processing firms enables transaction reversals and instills trust among users. However, this would leave a harmful effect on key benefits such as low float time and transaction fees. But as they say, you win

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