During the recent North American Bitcoin Conference in Miami, Jason King was speaking about the benefits of using Bitcoin for charities and non-profits:
“Bitcoin is significantly cheaper than credit card processing. If you think of a 1.7% to 3.4% fee to process those transactions and for the right to get that money. Sean’s Outpost has raised approximately $240,000 in 20 months, we have saved $8400 just for using bitcoin instead of credit cards. $8400 is a good amount of money but to a non-profit that it is a huge amount of money. Which means that at Sean’s Outpost we were able to feed an additional 6720 meals to the homeless, simply because we took Bitcoin rather than credit cards.”
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