Great article and this is so needed for the non-profit world. Working in non-profits for years I had experience with fundraising and making it easy for donors to contribute. Many times you have to have easy ways for donors to contribute to receive maximum possibilities with an event. Even events where we had credit card hand swipes it was cumbersome and we had to pay high fees to visa/mastercard. Although we had non-profit status and discounts the fees were ridiculous, especially raising funds for issues like homelessness and hunger.
I am excited to see what bitcoin can do for non-profits.
Topic: [2016-25-03]How Bitcoin Impacts Charity, and Why It’s Cool (Read 325 times)
How Bitcoin Impacts Charity, and Why It’s Cool
Charity and nonprofit organizations, contrary to traditional entities, gradually embrace cryptocurrencies and their underlying technology. This move has more or less evident justification. Blockchain technology may revolutionize the way various charitable efforts work, and change it for the better.
PROS AND CONS OF CRYPTOCHARITY
First, it’s simple and convenient for the receiving party. Most charity organizations nowadays have to deal with donations from different countries, and moving of funds around the world in traditional finance has always been a nuisance. Blockchain technology, known for its capability of reducing operational costs and accelerating money transfer, not to mention its transparency, may cause the world of charity to change. On the other hand, not all NPO’s are aware of those capabilities, and, as it usually happens, may be simply afraid of using the new technology.
Second, cryptocurrency transactions are equally convenient for the donators.
http://forklog.net/how-bitcoin-impacts-charity-and-why-its-cool/?utm_content=buffer883d2&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
Charity and nonprofit organizations, contrary to traditional entities, gradually embrace cryptocurrencies and their underlying technology. This move has more or less evident justification. Blockchain technology may revolutionize the way various charitable efforts work, and change it for the better.
PROS AND CONS OF CRYPTOCHARITY
First, it’s simple and convenient for the receiving party. Most charity organizations nowadays have to deal with donations from different countries, and moving of funds around the world in traditional finance has always been a nuisance. Blockchain technology, known for its capability of reducing operational costs and accelerating money transfer, not to mention its transparency, may cause the world of charity to change. On the other hand, not all NPO’s are aware of those capabilities, and, as it usually happens, may be simply afraid of using the new technology.
Second, cryptocurrency transactions are equally convenient for the donators.
http://forklog.net/how-bitcoin-impacts-charity-and-why-its-cool/?utm_content=buffer883d2&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer
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