Post
Topic
Board Bitcoin Discussion
Re: Will you donate Bitcoin for the poor and needy?
by
CarnagexD
on 26/01/2018, 11:39:58 UTC
That is nice to offer bitcoins for like charity and so forth. I know there are some well established charitable companies that will take bitcoins as donations. Now the issue i worry about is the fact that most of this organizations that i spoke of might not know how to properly handle bitcoins so they might sit on them till some accounting person noticed them. That i fear would make my donating to a local cause like hurricane victims a long drawn out process.
Why not? Bitcoin can be donated to the needy if they know how to use it, so it is important to introduce bitcoin to them, discuss some basics on how bitcoin works, and how it could help them improve their status in life. But in the case that you want to donate it to charitable institutions, it is better to convert it into cash first if there is no existing automatic currency exchangers.