Silicon Valley Community Foundation

Cash is being used less and less and has nearly disappeared in countries such as Sweden and China while digital payment systems offer attractive alternatives to services once provided by traditional commercial banks.Photo: iStock

Why are charities accepting increasing amounts of Bitcoin?

by Philip Hackney and Brian Mittendorf October 5, 2018February 18, 2020

Many large charities, despite being entrusted with accepting and managing funds that benefit the public, are accepting bitcoin and other cryptocurrencies – volatile forms of digital money – as donations. Take, for example, the Silicon Valley Community Foundation, one of the country’s largest charities. It held a third of its US$13.5 billion investments – nearly […]