Virtual Currency 101 for Nonprofits

Publication Type:
Special Report

Published / Updated:
Aug. 3, 2015

The rapid growth in bitcoin users means that nonprofits targeting millennials and other tech-savvy consumers should give serious consideration to accepting the virtual currency.

"The Internet has made it easier for non-profits to operate by enabling them to increase geographic reach and reduce the overhead required to fundraise," bitcoin processor Coinbase said in a blog. "Adding bitcoin as a donation option is a natural next step for non-profits because it eliminates one of the most significant costs remaining — payment processing fees."

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