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How Bitcoin Is Changing The Face Of Non-Profits

by Josipa Štrok10. February, 2016

When you work in a non-profit organization still occurs fight in collecting sufficient funds to support your mission and efforts, you are therefore obliged to take every opportunity that came to achieve this objective. But do you know that Bitcoin can greatly help you in the administration?

If you’ve tried to talk to anyone about Bitcoins, you’ll probably realize that most people don’t have a clue what Bitcoins are. In fact, less than 30% of Americans have ever even heard of Bitcoin, let alone know what how it works or why anyone should use it. You can find out more about this currency in one of our previous articles.

Bitcoin facilitates non-profit organizations that carry out financial transactions, and besides, sending funds is much cheaper compared to existing methods of sending money. In addition, the use of Bitcoin allows you to offer the highest level of transparency, because bitcoin provides information to your members or business partners that can be used to verify your transactions. Non-profit organizations can thus enable the public to see how much they receive in the form of donations.

Below we bring you the infographic from portal WhoIsHostingThis that gives you access to information how nonprofits can take advantage of cryptocurrency revolution and how, but also the difficulties they face.

bitcoin changing nonprofits

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