American Cancer Society begins accepting donations in bitcoins

The American Cancer Society (ACS) is a non-profit organization that funds research to combatwith cancer, she began accepting donations in bitcoins through the payment operator BitPay.

“Cancer affects people of all walks of life, thereforeit is not surprising that we receive support from a wide range of patrons. We have a very important mission and it is necessary to raise funds from all available sources to fulfill it, ”said Brant Woodward, Executive Director of ACS.

This is not the first time BitPay has collaborated withcharity organization. The payment operator made over $ 50 million in donations to organizations such as the Tony Hawke Foundation and the American Red Cross.

Average bitcoin donation for theseorganizations is about $ 10,000, and the commission is only 1%, and a philanthropist can also pay for it. In addition, cryptocurrency donations fall under charity laws and provide for tax deductions.

“Accepting donations in bitcoins,charitable organizations attract new patrons, and they do not need to deal with cryptocurrency on their own. BitPay checks funds and accepts bitcoins, and the organization’s account receives US dollars or another fiat currency, ”said Stephen Pair, CEO of BitPay.

Recall that recently, BitPay added support for stablecoins USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX).

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