With the initiative, Dignitas hopes to reach a whole new pool of donors for whom bitcoin technology can help pass these incremental savings on to life-changing projects in the region.
" people who want to fully integrate bitcoin into their daily lives - including their charitable giving," Connelly said.
Non-profits who have already taken the plunge have witnessed a generous response from the bitcoin community, just this week Wikipedia received over $140,000 in bitcoin in its first seven days of accepting the digital currency.
Although payment processors Coinbase and BitPay have waived fees for non-profits in the US, Dignitas, which is headquartered in Toronto, uses Canadian exchange Virtex to convert the bitcoin it receives into Canadian dollars.
Connelly says Dignitas plans to treat bitcoin donors like those who pay by cash or credit card.
In order to receive a tax receipt, bitcoiners can opt to disclose their personal information, including their email, name and location, which the charity will keep on file.
Though bitcoin usage on the continent remains low, it holds a promising target market for bitcoin services like 37Coins, a universally-compatible SMS bitcoin wallet, as well as bitcoin remittance platforms like BitPesa.
The relationship between bitcoin and charity doesn't stop at donations and payments.
Researchers are also investigating how the bitcoin network's cumulative computing power can be harnessed for scientific purposes.
"The charitable sector has the most to gain from technologies like bitcoin [] We've just started to scratch the surface of what it can help us achieve."
Dignitas International: Bitcoin Holds Promise for Non-Profits
gepubliceerd op Aug 10, 2014
by Coindesk | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.