Business

Dennis Wafula

Dementia Society of America begins accepting cryptocurrency donations

The Dementia Society of America (DSA) recently announced that they will be accepting cryptocurrencies as donations. The founder and president of the organization, Kevin Jameson, made the announcement on July 4. 

During the speech, Jameson said:

“We have long understood the innovation and freedom-loving value of cryptocurrencies like Bitcoin [SegWitCoin BTC], and have decided to partner with The Giving Block to expand our crypto capabilities and engage the community, thereby expanding our reach. We will now accept [BTC], Ether, Litecoin, Bitcoin Cash, and USD Coin for general fund donations, legacy donations, and those donations made in memory or honor of a loved one.”

According to their press release, the organization is partnering with The Giving Block in the crypto fundraising. DSA plans to not touch 51% of all its crypto donations for the next six months. The Giving Block is an organisation that helps nonprofits leverage on crypto currencies. They educate, help nonprofits raise funds and also offer strategic advice on use of crypto currencies.

DSA aims at making this avenue to not only help with donations but also to explore the blockchain technology. It looks forward to using blockchain applications in the future to improve the lives of those living with dementia and their caregivers. This could include using the technology for easy-to-use assist products and transport services to robotic pets and many more innovative resources that will make life easier for the dementia community.

DSA has made adjustments to accommodate cryptocurrencies. It has created a dedicated page on their website for receiving the crypto donations. They are also using the “click-to-brick” technique in fundraising for their new headquarters; one donates crypto to buy a brick towards the construction of the facility. If a donor may prefer to use a “non-listed” crypto to make a donation, such as Bitcoin SV (BSV), all you need to do is get in touch with them so as to make this facility possible.

In the last few years, several medical facilities have accepted cryptocurrencies as payment. My Doctor Medical Group in San Francisco started accepting BTC as a means of payment since 2013. Another facility is Central Urgent Medical Care in Los Angeles; they also accept BTC as payment. A private dental clinic in New York City has also allowed the patients to settle bills using BTC for the last five years.

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