“The minute we get it, we’re going to convert it to cash,” Matt Bernstein, JNF-USA’s chief planned giving officer, told eJewishPhilanthropy. “It’s highly volatile, and we’re not in the speculation business. This is our general policy; it’s what we do with stock.”
JNF-USA joins a handful of Jewish charities that are entering the brave new world of cryptocurrency.
The group that started the trend in 2013 and appears to be the most active is the Chabad-Lubavitch movement, known for its outreach to unaffiliated Jews across the world. More than 100 Chabad-affiliated centers and organizations accept donations in Bitcoin.
JNF-USA starts accepting cryptocurrency donations
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