The American cancer society (ACS), a non-profit organization dedicated to funding cancer research, now accept donations in bitcoin via payment service BitPay.
“Cancer affects people of all strata of the population, it is not surprising that we receive support from a wide range of patrons,” said Brian Woodward (Woodward Brain), Executive Director of ACS. “We have a very important mission and needs to obtain funds from all available sources.”
The company BitPay was founded in 2011 as a payment service for bitcoin, says that from 2017 has processed donations for more than $50 million, together with partners such as the Tony Hawk Foundation (Tony Hawk Foundation) and the American Red Cross.
According to BitPay, the average number of donations in the cryptocurrency amounted to about $10 000. BitPay is processing donations for 1% Commission, which can carry out patrons, if desired.
Donations in cryptocurrencies fall under the tax deductions.
“Taking donations in bitcoin, charities attract new patrons, and they don’t have to deal with cryptocurrencies. BitPay checks funds and accepting bitcoin, but at the expense of the organization has come to the USD or other currency FIATA,” said BitPay CEO Stephen Paro (Stephen Pair).
ACS relies heavily on fundraising among middle-aged people of 40-50 years, said Woodward. Because cryptocurrency is the initial financial technology, the company hopes to attract young patrons.
“More people are using cryptocurrencies, said Woodward, is allows us to find new patrons among young people and provide them the opportunity to do good, without obstacles.”