We are happy to reveal, in the nick of time for Providing Tuesday, that the Ronald McDonald House of the Capital Area is the very first charity in Upstate NY to accept Bitcoin donations!


NEWS RELEASE – – 11/20/14

Albany, New York – Ronald McDonald Residence Charities of the Capital Area is making history by heading down innovation lane and ending up being the very first local charity in Upstate New york city to accept Bitcoin donations. They will certainly partner with Bitcoin processing gigantic BitPay to manage their deals, and the NY Bitcoin Group will help them begin.

“We are really thrilled to have our local Ronald McDonald House be the very first chapter in the United States to start accepting a digital currency for donations. Bitcoin provides us the capability to send out a nickel, a penny, or other denomination, without the charity getting charged a cost, as they would using with other payment networks,” said Paul Paterakis, a member of the NY Bitcoin Group.

Elizabeth Ploshay of BitPay included, “In other words, through BitPay, they get 100 % of the donation, as they would with money, but unlike with money, they can now receive donations from anywhere in the world, instantly.” BitPay is the lead global Bitcoin payment processor making donation performance possible.

Presently, a few other charitable companies in the United States and all over the world accept Bitcoin, including the United Method and Greenpeace U.S.A.

Paterakis said, “This will decrease as a historic moment for Ronald McDonald House in Albany. Individuals can be afraid to be the very first when it concerns alter, however often the first to act are the most rewarded. I believe that will certainly be the case right here. The Bitcoin neighborhood is charitable and I personally intend on comparing to $ 500 in Bitcoin donations to reveal my support. Whenever I have a quarter or 2 sitting in my digital wallet, I’ll send it over.”


NY Bitcoin Group (www.nybitcoingroup.com) was founded in June 2014 by Bitcoin enthusiasts from various industry sectors. Their objective is to promote Bitcoin and educate companies within the Capital Area on setting up Bitcoin as a type of payment.

BitPay (www.bitpay.com) is the largest global Bitcoin payment service provider headquartered in Atlanta, Georgia. BitPay supplies payment processing services for more than 40,000 companies and processed over $ 100 million USD worth of Bitcoin transactions in 2013. In 2014, BitPay started processing $ 1 million USD daily.

The post We are pleased to announce, simply in time for Offering Tuesday, that the Ronald McDonald Residence of the Capital Area is the very first charity in Upstate NY to accept Bitcoin donations! appeared first on Bitcoin Magazine.

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