The Rutland County Humane Society has agreed to accept crypto as a donation method. In an interview, Beth Saradarian – executive director of the organization – says that while she doesn’t expect a lot of people to take advantage of the option, it pleases her to know that the non-profit is moving forward in the world of digitization and technology, and that the method is there for anyone who wants to use it.
Saradarian: The Method Is There for Whoever Wants It
The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Consider the following scenario: someone walks into a store and buys $50 worth of merchandise with bitcoin. For one reason or another, the store doesn’t trade the BTC into fiat right away and about 24 hours go by. From there, the price of BTC goes down and that $50 becomes $40. The customer gets to keep everything he or she bought, but the store has lost money in the end. Is this a fair situation? Not everyone thinks so.
That’s what makes enterprises like the Rutland County Humane Society so important. They understand the initial purposes of bitcoin and digital currencies and are trying to transform them into usable tools that everyday people can benefit from.
Things Are Off to a Good Start
Saradarian says the donation page was launched in mid-May. Not long after that, the organization got its first crypto donation of roughly $39, so perhaps the option will prove to be more popular than she initially imagined. Saradarian commented:
For me, it started with a better understanding of our donors in terms of how they like to communicate. Some people like regular U.S. mail, some people like e-newsletters, some people like text messaging, you’ve got to figure out what’s the best way to communicate with your donors of all different kinds of age groups, and how they like to donate… I’m happy we’re able to offer it, and it’s there. If somebody chooses not to use it, that’s fine. They can donate online, they can send us a check, whatever, but at least it’s there for somebody who wants to donate through that avenue.