Friday, February 21, 2014

University gets ten grand...in Bitcoins...

From Fast Company:

Nicolas Cary, CEO of the Bitcoin wallet Blockchain, has donated 14.5 Bitcoins, worth $10,000, to the University of Puget Sound, the school announced Wednesday. A recipient of scholarships and loans, Cary graduated in 2007 with a bachelor's from Puget Sound's Business Leadership Program, and his donation goes toward the university's campaign to raise $125 million to support financial aid, academic programs, research, facilities, and other initiatives. The school has raised more than $109 million since 2007.

When Cary contacted his alma mater about making a Bitcoin donation, the school wasn't prepared to accept it. Sherry Mondou, vice president for finance and administration, said even donations in foreign currencies were rare for the university...

Read more here.