It’s great to see UK organisations accepting cryptocurrency payments as part of their fundraising efforts. I’m a big fan of Royal National Lifeboat Institution (RNLI) and the work these guys do. Full kudos to them that they now accept Bitcoin.
Why the RNLI are accepting Bitcoin
According to the good folks over there:
The RNLI has a history of innovation in fundraising, holding the first street collection in 1891.
Bitcoin is an innovative new kind of currency and we believe that accepting Bitcoin will result in donations we may not otherwise receive, as well as connecting us with new types of supporters.
Also, from our research into future trends, it looks likely that we will receive digital currency as a donation and/or as part of a legacy at some point and we want to be prepared for that eventuality.
In fact, in the UK, they are joined by good company as cryptocurrency is increasingly recognised. Cumbria University became the first university in the world to accept Bitcoin for tuition fees in 2014. There are Bitcoin ATMs in Dublin and London as well as lots of smaller retailers that accept them.
So good on you the RNLI; I will donate a few Satoshi to the great work you are doing. Want to join me, then here you can donate Bitcoin to the RNLI .
PS – these guys are doing pretty great, 16.70087398 BTC already donated to date. Wow!