What is Cryptocurrency and How to Accept it as a Donation with Joel Clelland

Cryptocurrency has become mainstream and your nonprofit needs to be prepared to accept Cryptocurrency donations. Do you know what avenues your nonprofit can use to receive Cryptocurrency? How can you make your charity attractive to donors who use Cryptocurrency? 

Listen Here

Watch Here

Conversation Highlights

{00:58} What is Project Boon? 

{02:57} What is Centric?

{04:57} What does blockchain look like in the real world? 

{13:48} Avenues people can use to set up ways to receive Cryptocurrency.

{18:58} Different types of money compared to Cryptocurrency.

{21:06} How to make your charity more attractive to Cryptocurrency.

{25:16} Final thoughts. 

Remarkable Quotes

Blockchains are digital or distributed ledgers; a Ledger Is a way to keep track of things.

Joel Clelland Tweet

The digital ledger is transparent, and immutable, which means it can't be changed. 

Joel Clelland Tweet

Blockchain, keeps things very synonymous and cohesive.

Joel Clelland Tweet

Whether it's for-profit or nonprofit, we want customers or donors.

Joel Clelland Tweet

In the digital world, you've got different companies instead of a nation creating their own currency.

Joel Clelland Tweet

If you're receiving it via crypto wallet, it is technically shares of a coin and not the coin itself. 

Joel Clelland Tweet

Joel Clelland Bio

With over twenty years of diverse career experience, Joel brings an impressive track record of leadership in various industries and capacities, including finance, education, and the nonprofit/philanthropic sector.