• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Apache Software Foundation Now Accepts Bitcoin Donations

newsbtc by newsbtc
8 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

The Apache Software Foundation is the latest not-for-profit organization to accept bitcoin donations, as pointed out by a user on Reddit.com.

The organization is well known for their catalog of open-source software, of which includes the ubiquitous Apache web server and OpenOffice suite, and users in the community have been eager to support their efforts using digital currency for quite a while.

The Foundation accepts donations in many different forms: Amazon, PayPal, and they’ll even accept donated cars.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

On their contribution page, the Apache Software Foundation has published a bitcoin address and QR code. As of this morning, the address has collected on the order of 3 BTC, though by the looks of it, that number is climbing somewhat rapidly (50 donations thus far).

And also of interest: the Foundation isn’t going through a bitcoin payment processor like BitPay or Coinbase. They’re simply collecting the donations the good old fashioned way.

Apache Software Foundation Executive VP Rich Bowen told NEWSBTC:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

[blockquote style=”2″]We have some suppliers who accept BTC, and we are still exploring the accounting issues around paying directly with BTC for purchases with them. We want to make sure that as a charity we can deal with the issues around transparency and accounting in a sound manner. Obviously keeping money indefinitely in BitCoin (or fiat) and not using it doesn’t achieve any benefit, and isn’t the intention of the donor, so depending on what the levels of donation are, we will likely move some to fiat, if we don’t spend that all with vendors.[/blockquote]

He added:

[blockquote style=”2″]We were blown away, and very gratified, by the initial rush of donations, and we’re very grateful to our first 50 donors, especially to Brian Taylor (Reddit user steeldog803) who encouraged us to accept Bitcoin, and made the first donation.[/blockquote]

Non-profit organizations are finding that bitcoin donations are an easy way to collect revenue to support their projects. With no risk of charge backs and little to no fees, it’s an overall great solution.

And it’s catching on.

Tags: apacheapachesoftwarefoundationbitcoindonationsNewsOnline
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin

Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon?

2 hours ago
Bitcoin

Long Liquidations Continue To Rock Market As Bitcoin Struggles To Settle Above $30,000

4 hours ago
Tether

Tether Cuts 17% Of Its Commercial Paper Holdings Over Q1 2022

7 hours ago
How Blockchain is Finally Getting Africa on the Grid

How Blockchain is Finally Getting Africa on the Grid

8 hours ago
Avalanche

Avalanche Crumbles More Than 16% As Crypto Landslide Continues

12 hours ago
El Salvador bitcoin

More Stress For El Salvador As Bitcoin Dips To $29,000

22 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

NFCore (NFCR) Is Now Available for Trading on LBank Exchange

May 20, 2022

How to Gain Great Sums with Quitriam Finance (QTM), Cosmos (ATOM), Flow (FLOW)?

May 20, 2022

3 Cryptocurrencies that could give you Greater Gains: Mushe Token (XMU), Cardano (ADA), and Polkadot (DOT)

May 20, 2022

Award-winning Crypto Game, Stonk League Introduces GameFi Player Rankings

May 20, 2022

You Play You Earn: How Gaming Finance (GameFi) Can Disrupt the Cryptocurrency Market?

May 20, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.