Bitcoin has a reputation of being the currency of the, to put it politely, “privacy concerned,” but over the past two years it has slowly developed a human face.
BitPay, the company known as “PayPal of Bitcoin,” is one of the companies responsible for making Bitcoin more acceptable in the US. Now, BitPay has teamed up with the New York Stem Cell Foundation (NYSCF) and enabling potential donors to send their donation via Bitcoin.
Commenting on the collaboration with BitPay, the Chief Executive Officer of NYSCF, Susan L. Solomon, commented that “through bitcoin, we can embrace new forms of giving to meet our donors where they are, wherever they are worldwide. As a private philanthropic organization NYSCF’s nimbleness and flexibility allow us to fund and conduct the most current and high-reward research. Working with BitPay allows NYSCF to extend our flexibility to our supporters.
Founded in 2005, the New York Stem Cell Foundation (NYSCF) works as an independent organization and focuses on speeding up stem cell research in the United States in order to cure patients. Its key research unit the NYSCF Research Institute and it operates in the state of New York, where NYSCF has around 50 researchers working to better