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October 4, 2022
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Cape Cod’s largest hospital received a $ 800,000 donation in Bitcoin

Following the advice of a benefactor, the Massachusetts-based NPO opened an account capable of receiving funds in cryptocurrencies.

In these pandemic times, it is good to have a little optimism in the morning.

On Friday, on the coastal island of Cape Cod, Massachusetts, when the staff at their main nonprofit medical center, Cape Cod Healthcare, checked their email, they saw a message telling them to look at their bank account recently. created with integrated cryptography.

There was a surprise donation of Bitcoins worth $ 400,000. It was the second they received from the same benefactor. The first came on January 28. Both transactions have arrived less than a month since they started accepting crypto.

A benevolent cryptic enthusiast

The donation was not entirely unexpected. According to Cape Cod Healthcare senior vice president and development director Christopher Lawson, the longtime donor, who previously presented them with money each year, originally sent them a review email in mid-January asking if they could accept Bitcoin donations.

Speaking to The Boston Globe, Lawson said:

“Before we responded, we had to make sure that there were no problems.” Lawson continued: “It required a fair amount of research … My office probably spent a week or two doing our best to find out who else was doing this.”

Since preparing its accounts to receive encryption, Cape Cod Healthcare has adopted a policy of immediately converting its Bitcoin into U.S. dollars as soon as the transaction is completed. In this way, it avoids any deficit if Bitcoin experiences immediate setbacks.

After all, despite a robust performance in this week’s cryptocurrency markets, Bitcoin is still a high-risk asset.

Configuring to receive crypto gifts

The Cape Cod Healthcare crypto account generates a personalized QR code for the donor to transfer funds. Using this QR code, anyone can transfer crypto funds to Cape Cod Healthcare at any time.

Lawson believes that many will soon begin preparing their accounts to receive crypt gifts. He said:

“It is not widespread, but it is becoming more popular. People are accumulating these assets and are looking for opportunities to donate them. “

Who knows what the year will bring? With the Bitcoin bull run reaching new heights the every week, soon even your dentist may start to accept you.

Source: Decrypt

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