Surely, This Can't be Right!!! Comments below the image.As seen here: https://apply.networkforgood.org/productgallery.aspx
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From Network for Good's website, I've gleaned the following:
- 100,000+ NONPROFITS COUNT ON US
- DONATIONS DISTRIBUTED: $575 MILLION TO DATE!
Then I did the math.
100,000 X $600 = $60,000,000 that Network for Good (good for them)
takes in--Minimum, A YEAR!
They have been online for over 10 years, therefore $575,000,000/10 = $57,000,000 a year on average they have collected and dispersed donations to date.
I would be happy with 10%--or less--with that business model in hand.
Note in the image that the charitable organizations still pay that 3% processing fee.
I think it's time for a little disruptive innovation starting with charitable organizations, hence Bitcoin100
Some examples of disruptive innovation include:
Cellular phones Fixed line telephony
Community colleges Four-year colleges
Discount retailers Full-service department stores
Retail medical clinic Traditional doctor’s offices