BUFFALO, N.Y. — Crypto philanthropy — in which donors contribute gifts of virtual assets such as bitcoin to nonprofits and other beneficiaries — is a fairly recent trend, especially in higher education.
But that trend is already impacting one Buffalo university and other institutions across the country. Some have already implemented ways to accept virtual assets; others are still weighing their options.
The University at Buffalo Foundation Inc., the independent nonprofit that processes philanthropic donations to UB, is working on a project to allow the school to accept forms of cryptocurrency, according to Stacy Knapper, foundation CEO.
Read the full story from our partners at Buffalo Business First.
