Digital currency is immediately converted into cash to avoid market fluctuations, organization says.
Arizona Daily Star The United Way of Tucson and Southern Arizona said last week that it has begun accepting cryptocurrencies as donations.
This move expands donor options beyond more traditional contribution channels, such as online, U.S. mail, stock transfers, planned giving, and more, and broadens the organization’s appeal with an updated website to allow for user-friendly donations in cryptocurrency, or digital funds, such as Bitcoin and Ethereum.
“Dozens of our sister United Way chapters around the country have welcomed this new method of giving, and our leadership team agreed that now is the time for our United Way to adopt it as well,” stated Tony Penn, president and CEO of United Way of Tucson and Southern Arizona. “As an organization, we must remain nimble and innovative to continue to meet the needs of our community.
Jeff Petrovic, chief development officer, said the United Way will accept “42 different cryptocurrencies, and the management platform we have chosen, Engiven, will make the experience simple, quick and efficient while providing all of the safety protocols for giving online.” People are also reading… Once a donation is made, the cryptocurrency will be immediately exchanged for cash to eliminate risk due to volatility in the crypto market. The IRS ruled in 2014 that nonprofits can accept donations in cryptocurrencies.Tags Respond: Write a letter to the editor | Write a guest opinionSubscribe for just 23¢ per week Subscribe for just 23¢ per week Subscribe to stay connected to Tucson.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
United Nations says around two-thirds of all children in Ukraine have fled homesUkraine’s U.N. ambassador, Sergiy Kyslytsya, claimed Russia has taken more than 121,000 children out of Ukraine and reportedly drafted a bill to simplify and accelerate adoption procedures for orphans and even those who have parents and other relatives.
Read more »
Even with ties, Ukrainian families struggle to reach the United StatesOlena Kopchak, her husband and their 8-year-old daughter, Yana, are among the growing number of Ukrainians who are trying to make it to the United States — and confronting obstacles.
Read more »
Dallas Mayor Honors Hamilton Park United Methodist Church for Community Service During Pandemic, Deep FreezeA beloved North Dallas church has made its comeback after two years of challenges.
Read more »
Photos: Tucson Sugar Skulls suffer heartbreaking 67-66 loss in home openerThe Strike Force come back on the last play of the game, capping a fourth quarter comeback, to nip the Sugar Skulls 67-66 at the Tucson Arena, Tucson, Ariz., April 9, 2022.
Read more »
Suspect arrested after attempted break-ins, SWAT standoff in MonroeNorth Sound Metro SWAT has taken a suspect into custody after an hours-long standoff in Monroe, FOX13
Read more »
Bought or sold crypto for the first time in 2021? Here's how you'll be taxedIf you\u0027re making money in the cryptocurrency space, the government will want its cut
Read more »