US hospital receives $800,000 in Bitcoin donations

The largest hospital on Cape Cod in Massachusetts received about $800,000 in digital gold. The Boston Globe reports.

\n

\n

Cape Cod Healthcare’s Senior Vice President Christopher Lawson said that a longtime hospital donor recently asked to add cryptocurrency as a donation method.

\n

Over the course of a month, two emails to the medical center asked that the digital wallet be checked. Two transactions of $400,000 in Bitcoin were sent to it.

\n

According to Lawson, the hospital decided to convert the received digital assets into US dollars immediately due to high volatility.

\n

“Donations in cryptocurrencies are not yet popular, but they are moving in that direction. People are accumulating such assets and looking for opportunities to donate them,” said the senior vice president of Cape Cod Healthcare.

\n

In December 2020, the Salvation Army began accepting donations in Bitcoin and Ethereum through the Engiven platform.

\n

In January 2021, the nonprofit American Cancer Society launched a cryptocurrency fund to combat cancer.

\n

In February, the children’s charity Songs of Love created the cryptocurrency superhero Billy Bitcoin to boost interest in donations of digital assets.

\n

As noted, in 2020 Fidelity Charitable received $28 million in cryptocurrency. Since its inception in 2015, the organisation has raised almost $150 million in digital assets.

\n

Subscribe to ForkLog news on Telegram: ForkLog Feed — full news feed, ForkLog — the most important news and polls.