SERV International Now Accepting Bitcoin!
October 10th, 2014 by Jim Vinyard
SERV International is a USA based 501(c)3 Faith Based Non-Profit organization. Founded in 2000, we give people the opportunity to make a difference via our Food | Water | Shelter | Life programs and projects in USA, Dominican Republic, and Kenya.
A majority of our support comes from individual donations made by thousands of people, and sponsors across the country. We have to be constantly evolving to ensure that donors are able to support our important work in the way that’s most convenient for them. Therefore this is why we are now accepting bitcoin donations. Despite the name, paying with bitcoin does not mean pulling out a tiny change purse of coins. Rather, it is a new digital currency and people are starting to take notice. So much so that we thought the time was right for SERV International to start accepting them.
Please read on as we explain what bicoin is and why we’re accepting bitcoin donations at SERV International.
What is bitcoin?
Bitcoin is the first decentralized digital currency that allows people to buy and exchange currency over the Internet on a global scale.
Decentralized digital currency basically means that transactions are processed without a bank or other financial institution taking a processing fee, typically 3 percent. Bitcoins travel from person to person directly.
Although still relatively new and in the early adoption phase, bitcoin is a technological breakthrough for global currency. Its use has steadily increased since its creation in 2008 with more than a million people using bitcoin.
Bitcoin processers charge less for processing fees than centralized banks meaning your donation means even more to protecting the environment. SERV International is using BitPay to process Bitcoin donations.
Bitcoin is also international meaning our global members who would like to donate can do so with ease.
Are you still accepting other forms of online donations including credit cards?
Yes we are!
You can donate to SERV International with your credit card, debit card, check card, or check.
It is highly unlikely that bitcoin will replace any of the above mentioned forms of payment in the foreseeable future. After all, it took decades for the Internet to cross over into widespread use.
We’re just adding another option for those supporters who would like to use the bitcoin method.
Who else accepts Bitcoin?
Several organizations and companies are also starting to accept bitcoin acknowledging its growing use and benefits.
Companies including Overstock and Expedia, nonprofits including Wikipedia and now SERV International are accepting bitcoin.
More merchants will most likely start accepting bitcoin as more processing options become available and the payment method becomes more mainstream.
SERV International could never do the global work we do without our loyal donors, partners, and sponsors. We give people the opportunity to make a difference, and a difference they are making.