Plenty of not-for-profit organisations simply just provide a bitcoin address for people, should they wish to donate in that manner. For example: https://rnli.org/support-us/give-money/bitcoin-donations
Presumably, they'll hold until the balance is at some pre-determined threshold, and simply exchange it for fiat whenever they're ready.
Topic: Accept bitcoin in non profit organization - page 2. (Read 451 times)
The organization can hold the bitcoins or convert to fiat automatically (or not) However, as a charity project I don't think they can afford to lose money (in case of a market crash or whatever) It's not easy to fund a charity so I am not sure if it's a good idea to "gamble with money".
They can use Bitpay to receive the donations it will get converted to fiat automatically, it may be the best solution for accounting.
They can use Bitpay to receive the donations it will get converted to fiat automatically, it may be the best solution for accounting.
Hi All,
i've received now the information that the Non profit organization when i work can accept bitcoin donation
I would like to know if someone of you have or know some experience about how to do this for example i i'm asking myself if we must convert BTC immediatly in FIAT currency or if the organization can HODL the coin. I would like to receive donation for the Emergency situation (Nepal earthquake or other project). I know also that in the non profit organization the donation must be trckble and not anonymous, do you have some info also for this aspect?
Do you know some non profit organization that accept bitcoin and how do it?
Thanks to all
i've received now the information that the Non profit organization when i work can accept bitcoin donation
I would like to know if someone of you have or know some experience about how to do this for example i i'm asking myself if we must convert BTC immediatly in FIAT currency or if the organization can HODL the coin. I would like to receive donation for the Emergency situation (Nepal earthquake or other project). I know also that in the non profit organization the donation must be trckble and not anonymous, do you have some info also for this aspect?
Do you know some non profit organization that accept bitcoin and how do it?
Thanks to all
Jump to: