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January 13, 2016, 07:56:05 AM |
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Traditionally charities have used cash collection boxes to raise funds. There have been many instances of collectors keeping the funds, and of bogus collectors defrauding the charities. Bitcoin with its open transaction reporting, is an ideal medium for collecting small donations. The charity, its auditors and the contributing public can check on all donations, and ensure that the money reaches the chosen charity. I'm thinking of using Bitcoin to collect money for my favourite local charity. Have any members used Bitcoin for this purpose?
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