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WebBefore deciding whether your not-for-profit organization should accept cryptocurrency for gifts, you must understand what it is. A cryptocurrency, or virtual currency, is a digital medium of exchange that can be used for purchasing, selling, and storing value, but it is not backed by a sovereign government.. In that light, bitcoin, ether, syscoin, and litecoin are … WebFeb 1, 2024 · As gifts, cryptocurrency, which can be highly volatile, will be converted to U.S. Dollars as quickly as administratively possible when the gift is received. A charitable gift of cryptocurrency is only complete once the currency has been successfully paid to and accepted by [NONPROFIT NAME] designated currency processor, [PROCESSOR NAME]. in and out in camarillo
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