The IRS recently approved charitable status for a bitcoin-based foundation. The BitGive Foundation encourage donors to give using bitcoins and pays as many bills as possible with bitcoins. They do allow other types of currency, but all funds in the charity’s possession are stored as bitcoins. While there are market value risks with bitcoin similar to holding stocks, the digital currency typically has lower fees than credit cards and has potential to increase significantly in value as it becomes more popular. Will your organization embrace bitcoins?
September 2, 2014