United Way to Accept Donations in Bitcoin Currency - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

United Way to Accept Donations in Bitcoin Currency

Posted:
ALEXANDRIA, Va. (AP) - One of the world's largest charities says it will begin accepting donations in the virtual currency bitcoin.

United Way Worldwide said Monday that it will accept bitcoin donations for the charity's innovation fund through the San-Francisco-based wallet service Coinbase. The charity will accept donations from a donor's digital wallet with no transaction fees.

In a statement, United Way CEO Brian Gallagher says the charity wants to make it easier for donors to support causes they care about. He says that requires innovation through technology and outreach.

The Alexandria, Virginia-based charity says 1.6 million consumers use the Coinbase platform. Coinbase has sought to shore up confidence in bitcoin currency after trouble with the Mt. Gox exchange this year.

In August, federal regulators warned consumers about the risks of using virtual currencies.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Suspected Heroin Found in Stolen Vehicle During Somerset Traffic Stop

    Suspected Heroin Found in Stolen Vehicle During Somerset Traffic Stop

    Monday, May 29 2017 12:40 AM EDT2017-05-29 04:40:43 GMT
    Monday, May 29 2017 12:40 AM EDT2017-05-29 04:40:43 GMT

    Police say a Somerset County man was caught with suspected heroin after being pulled over in a stolen vehicle.

    More

    Police say a Somerset County man was caught with suspected heroin after being pulled over in a stolen vehicle.

    More
  • Camden Man Suspected of Stealing Car From Neighbor's Driveway

    Camden Man Suspected of Stealing Car From Neighbor's Driveway

    Monday, May 29 2017 12:33 AM EDT2017-05-29 04:33:33 GMT
    Monday, May 29 2017 1:02 AM EDT2017-05-29 05:02:37 GMT

    A Camden man has been arrested for allegedly stealing a car from someone's driveway.

    More

    A Camden man has been arrested for allegedly stealing a car from someone's driveway.

    More
  • Dover Leaders Say High-Crime Areas Will be Saturated With Police

    Dover Leaders Say High-Crime Areas Will be Saturated With Police

    Friday, May 26 2017 8:40 PM EDT2017-05-27 00:40:44 GMT
    Friday, May 26 2017 11:23 PM EDT2017-05-27 03:23:35 GMT

    DOVER, Del. -- After a number of shooting incidents in recent weeks, Dover's mayor and police chief on Friday announced officers will be focusing their efforts in high-crime areas in the city. Dover Mayor Robin Christiansen said the effort comes after the city has seen more than 20 shooting incidents in 2017 and at a time when the summer is fast approaching and children and teenagers will be leaving school. "We are not going to ease up on the people that are using our city to c...

    More

    DOVER, Del. -- After a number of shooting incidents in recent weeks, Dover's mayor and police chief on Friday announced officers will be focusing their efforts in high-crime areas in the city. Dover Mayor Robin Christiansen said the effort comes after the city has seen more than 20 shooting incidents in 2017 and at a time when the summer is fast approaching and children and teenagers will be leaving school. "We are not going to ease up on the people that are using our city to c...

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices