University accepts Bitcoin donations to fund crypto-related activities

Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether (ETH).

TCF chief financial officer David Fuhriman said one percent of the total crypto holdings would be withdrawn quarterly to fund campus activities that aim to discover how the university could interact with crypto, such as working on a system that permits broader digital transactions within the university. 

Meanwhile, the rest of the funds will be converted into BTC and will not be liquidated immediately, with hopes that the price will go up in the future and help more programs. 

SDSU accepted the university’s first cryptocurrency donation this fall, opening the door to similar contributions in the future.

More on digital currency donations. https://t.co/UsXeG9FaGc pic.twitter.com/NLREW4mPHk

— San Diego State University (@SDSU) January 14, 2022

While the crypto

Keep reading this article on Cointelegraph.com.

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