PSU news by
Penn State's student blog

Topics

More

THON Org A-7 Now Accepting Bitcoin Donations

A-7, a THON special interest organization, recently announced that it is now accepting Bitcoin donations, a payment method that has never been used in THON’s history.

Bitcoin, a decentralized digital currency that is only a few years old, has become increasingly popular among many tech-savvy entrepreneurs and investors all over the Internet, including the Winklevoss Twins from Facebook’s early days. Bitcoin has been known to come with some significant implications, such as the inability to be regulated and having nothing to back it up, which have brought a lot of skepticism. That said, many large companies, including Dell, Zynga, and Expedia, have started to accept it, so Bitcoin’s overall legitimacy could be catching on.

According to members of A-7’s Executive Board, the idea started to get traction when they found out a few A-7 alumni wanted to donate their Bitcoins to a worthy cause. After that, they realized they could crowdfund for THON through the Internet. They said they’re hoping to generate awareness and create a new donor avenue that will funnel contributions into the THON community.

This came as a surprise to the president of Penn State Bitcoin Club, Patrick Cines, who had previously attempted to implement Bitcoin donations to THON to no avail. He said that the biggest roadblock he faced was that student organizations cannot collect funds using off-campus accounts, which makes it practically impossible for THON to accept Bitcoin donations, since Penn State does not support the currency yet.

Nevertheless, A-7 is definitely taking on a new approach to fundraising by utilizing Bitcoin’s popularity all over the internet to spread THON’s mission. It will be interesting to see how much attention this new payment method will attract donors.

If you have some Bitcoins you’d like to donate, you can do so on A-7’s website.

Your ad blocker is on.

Please choose an option below.

Sign up for our e-mail newsletter:
OR
Support quality journalism:
Purchase a Subscription!

About the Author

Rahi Nigam

Rahi is a sophomore majoring in Political Science with minors in Economics and Spanish. In his free time he can be found trying to figure out what to watch on Netflix or sleeping. Breaking Bad changed his life but so did Canyon Pizza. He’s also too hip to be hipster.

State College Links
Follow on Another Platform
113kFollowers
157kFollowers
54.7kFollowers
4,570Subscribers
Other posts by Rahi

START Conference Hosts Diversity Writing Contest

Originating in 1999, “Striving Toward Awareness & Respect for Tomorrow” (START) is an annual one-day conference that gives participants a better understanding of diversity in the business world today. A major part of the conference is a writing contest with a $1,500 prize.

Freshman 101: Surviving Canning in the Cold

Send Us Your Favorite RA Stories

10 Questions With Onward State Managing Editor Gabe Angieri

Onward State’s 17th managing editor sat down with us to talk about the blog, Penn State, and what he does in his free time.

10 Questions With Onward State Managing Editor Gabe Angieri

Onward State’s 17th managing editor sat down with us to talk about the blog, Penn State, and what he does in his free time.

THON 2023 Scheduled For February 17-19

We dance in 275, Penn State!

Carrie Underwood To Perform At Bryce Jordan Center February 10

Underwood is bringing her “The Denim & Rhinestones” tour to Happy Valley next spring.

 
Send this to a friend