After just 2 years, the charity Sean’s Outpost has fed its 150,000th meal to the homeless using Bitcoin.

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.”

Click here to read the full story.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s