Miami’s mayor says he wants to pay city workers in cryptocurrency. Investors can buy into crypto exchange-traded funds. Even Burger King will reward customers with virtual coins.
Yet when it comes to philanthropy, charities aren’t ready to fully embrace crypto donations because of burdensome paperwork and reporting requirements.
There is interest among the nonprofit sector as the popularity—and values—of cryptocurrencies grow. Bitcoin, the most popular virtual currency, has seen its value more than double since the beginning of the year, while Ethereum, another popular virtual currency, has seen its price increase more than five times over that same period. ...
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