Assets, Bitcoin

Do Any Charities Accept Bitcoin?

When it comes to charities and Bitcoin, the two are not often spoken about in the same sentence. This is primarily because charities are typically geared towards helping those in need, while Bitcoin is seen as a way to make money.

However, there are a growing number of charities that are beginning to accept Bitcoin as a form of donation.

The most notable charity to accept Bitcoin is the Pineapple Fund. The Pineapple Fund was created in December of 2017 with the sole purpose of giving away $86 million worth of Bitcoin to various charities.

So far, the fund has given away over $55 million to charities such as the Electronic Frontier Foundation, Watsi, and Amnesty International.

NOTE: WARNING: Before donating Bitcoin to a charity, it is important to thoroughly research the charity in question. Make sure the charity is legitimate and that the funds will be used for their intended purpose. Additionally, there are typically tax implications associated with donations made with Bitcoin, so it is important to consult a financial advisor before making a donation.

Another charity that has begun accepting Bitcoin is Bitgive. Bitgive is a 501(c)(3) nonprofit that is dedicated to improving global health and environment through the power of blockchain technology.

Bitgive has partnered with a number of different charities such as Save the Children, The Water Project, and Medic Mobile.

There are many reasons why charities are beginning to accept Bitcoin. For one, it allows donors to remain anonymous if they so choose.

Additionally, it eliminates the need for a third party such as a bank or credit card company to be involved in the transaction. This not only saves on fees but also allows for donations to be processed much faster than traditional methods.

So far, the response from both donors and charities has been overwhelmingly positive. With more and more people becoming interested in cryptocurrency, it is likely that we will see even more charities begin to accept Bitcoin in the future.

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