Cape Cod’s Largest Hospital Gets Bitcoin Donations Worth $800K – Bitcoin News – Gold Mine Saloon- Complete Guide to Gold, Stocks, Mining, Investing and More

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No Result View All Result Gold Mine Saloon- Complete Guide to Gold, Stocks, Mining, Investing and More No Result View All Result Home Bitcoin Cape Cod’s Largest Hospital Gets Bitcoin Donations Worth $800K – Bitcoin News admin by admin February 23, 2021 in Bitcoin 0Cape Cod’s Largest Hospital Gets Bitcoin Donations Worth $800K – Bitcoin News189 SHARES1.5k VIEWS Share on Facebook Share on Twitter

Cape Cod's Largest Hospital Gets Bitcoin Donations Worth $800K

Considered one of Cape Cod’s largest hospitals obtained two bitcoin donations this 12 months totaling $800,000 in worth. The Massachusetts-based not-for-profit medical centre (NPO), Cape Cod Healthcare, defined that an nameless donor donated $400k final Friday and the NPO obtained a $400k bitcoin donation final month as nicely.

Cape Cod Healthcare Will get $800K in Bitcoin Donations

The hospital Cape Cod Healthcare (CCHC) is taken into account one of many main suppliers of healthcare companies in Cape Cod, Massachusetts. This week, the NPO told the Boston Globe employees member Anissa Gardizy that it obtained two bitcoin (BTC) donations value $800,000.

CCHC’s senior vp and chief growth officer, Christopher Lawson, stated the donor wished to stay nameless and despatched an electronic mail final month asking the hospital to simply accept BTC donations. Lawson stated the donor had helped CCHC earlier than the 2 crypto donations, and had only in the near past requested if the hospital would settle for his BTC reward.

Lawson instructed Gardizy that earlier than accepting the donation, the administration needed to see if the hospital might cope with transactions despatched in cryptocurrency.

“Earlier than we responded, Lawson stated. “We had to ensure there weren’t any points. It required a superb quantity of analysis,” he added. “My workplace in all probability spent per week or two doing our greatest to study who else was doing this.”

After getting approval from CCHC’s finance division and the hospital’s CEO Mike Lauf, the agency launched a donation tackle. Lawson stated that as a result of the donor gave the $800k value of bitcoins to the hospital, he will likely be free from paying taxes on the funds.

“It makes it an asset that’s enticing to donate,” Lawson pressured. “You get most impression on the worth, and any good points you get, very like inventory, you don’t pay the tax,” the hospital administrator added. Lawson did element, nevertheless, that the CCHC finance crew instantly converts the donations to {dollars}.

Mainstream Acceptance

The primary $400k donation was despatched on January 28, 2021, and the next month on February 19, the donor despatched one other $400k value of bitcoins. CCHC’s senior vp stated that different NPOs might additionally arrange bitcoin donation assist with the intention to settle for the crypto asset.

“I’m actually excited. We’re popping out of a interval throughout COVID when donations have been onerous to return by for lots of parents,” Lawson emphasised. “This lets folks know that we’ve the potential of accepting these cryptocurrencies in donation, and we’ve the infrastructure in place.” Again in Could, Cape Cod Healthcare furloughed greater than 600 workers.

“It’s not widespread however it’s turning into extra mainstream,” Lawson concluded. “Persons are accumulating these property, and they’re alternatives to donate them,” he added.

What do you consider the 2 bitcoin donations totaling $800k despatched to Cape Cod Healthcare? Tell us what you consider this topic within the feedback part under.

Tags on this story

Bitcoin, bitcoin donation, Bitcoin Donations, BTC, btc donation, Cape Cod Healthcare, CCHC, Christopher Lawson, Coronavirus, COVID-19, hospital, Mike Lauf, NPO

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Brendan Fitzpatrick, capecod.com, CCHC,

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

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March 6, 2021 Friday, Mar. 5 – Gold’s New Low, NFP Release in Focus

Friday, Mar. 5 – Gold’s New Low, NFP Release in Focus

March 6, 2021 Billionaires Form a Blockchain Advisory Committee for the NBA – Blockchain Bitcoin News

Billionaires Form a Blockchain Advisory Committee for the NBA – Blockchain Bitcoin News

March 6, 2021 Albany Tech awarded ‘gold’ designation as Military Friendly School | News

Albany Tech awarded ‘gold’ designation as Military Friendly School | News

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