article thumbnail

How Nonprofits Can Jump on the Bitcoin Bandwagon

NonProfit Hub

Bitcoin is a type of digital currency where your transactions are recorded and maintained, and it operates independently to a bank. Its popularity increased as younger generations, who grew up through the 2008 financial crisis, recognized that our financial system needed big changes. . What is Bitcoin? which means no inflation.

article thumbnail

10 Common Misconceptions Nonprofits Have About Bitcoin Fundraising

Nonprofit Tech for Good

Cryptocurrencies are regular by many of the same government agencies that regulate the traditional world of finance including the IRS, SEC, CFTC and local regulators. It cannot be arbitrarily printed/devalued like what happened in Venezuela. Myth 2: Cryptocurrencies aren’t regulated enough. Most relevant for nonprofits is the IRS.