On Oct tertiary at The SpinBin at 310 Dalhousie St., Ottawa-based not-for-profit Ottawa Charity Ping Pong volition drib dead the kickoff organization of its form locally to bring bitcoin donations. Resilient 21, a local Ottawa-based Bitcoin consulting firm, has laid the corporation upwards using CAVIRTEX merchant solutions.
Many companies are turning to bitcoin every bit a method of payment due to its many benefits: it’s quick, it’s slow together with it is less expensive than traditional payment methods. Charities who travel to a greater extent than oft than non on a donation dry soil rely on this beginning of funding to operate, making every cent valuable. CAVIRTEX takes .75% on transactions when converted directly to dollars or 0% if kept inwards bitcoin, which is much less when compared to donations made via credit card, which make from 2-4% on average. It volition too enable those who cannot live at the number to donate to the charity from whatever location. Alastair Mitchell of Resilient 21 notes, “long-term, accepting bitcoin is fantastic. It ensures that to a greater extent than dollars teach to the people who involve it, together with it takes away from fees together with administrative costs.”
Mitchell is spearheading the merchant credence of bitcoin inwards Ottawa together with says that “merchants who role it absolutely honey it.” At the charity event, which volition live held on Oct 3rd, at that spot volition live a spot where bitcoin tin live donated inwards someone together with they tin too live donated online today at http://ift.tt/1DfudPe.
The charity is exploring the stance of accepting bitcoin for nutrient together with drink, although this has non been confirmed yet. Ottawa Charity Ping Pong is ane of the almost forwards thinking non-profits inwards the Ottawa area, seeing bitcoin every bit a natural tally inwards expanding their donation pool. The organization has already started to have bitcoin donations via their website, says, Mitchell, explaining that “any charity of whatever significance volition shortly live accepting bitcoin” because of these benefits. Ottawa Charity Ping Pong benefits 4 local charities: Youth Services Bureau; Operation Come Home; Do It For Daron; together with Christie Lake Kids. For to a greater extent than data on this event, delight catch http://ift.tt/1qc71ae
For media inquiries, questions or concerns, delight contact Alastair Mitchell at mitchell@resilient21.com