Fidelity charity receives $70M in Bitcoin donations during 2017

2017 was an extraordinary year for giving, according to a report released today by Fidelity Charitable, the nation’s second-largest grantmaker, and Bitcoin was the currency of choice for many people who donated to the charity.

Fidelity partially attributes the increase in donations via Bitcoin due to the appreciation of the asset in 2017. Fidelity Charitable received nearly $70 million in cryptocurrency—ten times what was contributed in the previous year.


Write: Sara Bauer


 

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