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Why Nonprofits Should Accept Crypto & NFTs
It just makes sense in 2021
I have been dabbling in the crypto space for a few years. It is a fascinating technology and it has been very interesting to see how the ecosystem has evolved since Bitcoin launched in 2009. A friend of mine, Wasim Ahmad, is the chief crypto officer for Vault12. Vault12 offers a solution to backup and recover the keys used to access crypto wallets. You would be surprised how often people lose the keys to their crypto wallets. Wasim recently published a comprehensive article on How to make Crypto and NFT donations to Nonprofits. It does a great job of describing why and how nonprofits should accept crypto and NFTs.
Crypto Has Gone From Evil to Mainstream in a Decade
Many people think that cryptocurrencies like Bitcoin and Ethereum are used by the underworld to buy and launder proceeds from drug transactions. Developments like Silkroad, the online darknet market notorious for drug transactions are just one example. The Netflix series How to Sell Drugs Online (Fast) is another. There is no doubt that crypto technology is being used for nefarious purposes.
In the past 12 years, however, crypto technology has slowly become far more mainstream. Hundreds of companies like PayPal, Starbucks, Microsoft, and even Home Depot…
