PSU news by
Penn State's student blog

Topics

About

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.

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.

Comments

More 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

Athletics

Incoming Penn State Track & Field Athlete Kristian Marche Shot To Death In Philadelphia

The incident surrounding Marche’s death is “under investigation,” according to the Philadelphia police department.

Former Women’s Gymnastics Coach Files Lawsuit Against Penn State Over Handling Of Abuse Allegations

Men’s Soccer Trio, Reading United Win PDL Eastern Conference Title, Fall Short Of National Championship

Penn State Hockey’s Evan Barratt, Aarne Talvitie Participate In World Junior Summer Showcase

Ally McHugh Wins 400 Medley National Championship

Student Life

Nike Releases New Penn State Sneakers

This year’s sneaker is available to purchase online for $109.99.

Penn State Parking Office Runs Into Student Permit Purchase Issues

Girirajan Lab Seeks To Bridge The Gap Between Fly And Human Genomes

Plans Submitted For New KFC In State College

Developers have submitted preliminary land development plans to build a new KFC restaurant at 1780 S. Atherton St. in State College.

Join Onward State: Fall 2018 Application

Onward State is hiring for the fall semester and we’d love to have you join us.

Fall Move-In Traffic & Construction Changes

When 40,000 students need to move back to State College over the course of four days or so, things are bound to get crazy.

Be the first to know

  • Top posts and the best Penn State stories

Thank you for subscribing.

Something went wrong.

Assessing Penn State’s Front Seven Following Tuesday’s Medical Retirements

Penn State’s defensive line rotation will be shaken up following Ryan Buchholz’s medical retirement from football, while the coaching staff is letting the linebackers duel it out during camp.

Send this to a friend