Getting nonprofits to accept cryptocurrency donations is a tough task. Albeit some initiatives see merit in cryptocurrencies, others prefer to steer away from it altogether.<\/p>\n
In the case of YMCA of Greater St. Petersburg, the situation is a bit more favorable.<\/p>\n
This particular non-profit not only accepts bitcoin donations, but supports plenty of alternative currencies as well.<\/p>\n
On the list of supported assets are litecoin, ethereum, zcash, GUSD, and bitcoin cash.<\/p>\n
This makes for a very interesting selection, and one that isnt found on most nonprofits donation pages.<\/p>\n
As far as the payment processor is concerned, the YMCA has opted for an alternative solution.<\/p>\n
All crypto donations are processed by Giving Block.<\/p>\n
This company specializes in tax efficient crypto donation solutions for nonprofits.<\/p>\n
For the litecoin community, this is a more than welcome sight.<\/p>\n
The so-called silver to bitcoins gold has struggled to gain any real traction among nonprofits over the years.<\/p>\n
It is very well possible that the YMCA of Greater St. Petersburg is the largest nonprofit to accept litecoin donations at this time.<\/p>\n
As is usually the case, contributions made by Americans are tax deductible.<\/p>\n
Image(s): Shutterstock.com<\/p>\n
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Originally posted here:<\/p>\n
YMCA of Greater St. Petersburg now Accepts Litecoin and ZCash Donations - NullTX<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Getting nonprofits to accept cryptocurrency donations is a tough task. Continue reading