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United Way Worldwide partners with Coinbase to accept bitcoin donations

Donors can support nonprofit's Innovation Fund with virtual currency.

United Way Worldwide is partnering with Coinbase to allow donors to contribute to United Way’s Innovation Fund using the bitcoin currency.

Through the Coinbase platform, the nonprofit will accept donations to its Innovation Fund directly from a donor’s digital wallet via desktop or a smartphone without any transaction fees.

"United Way Worldwide embraces the opportunity to make it easier for donors to support the causes that matter most to them, and this means innovating to evolve with the donor landscape," said Brian A. Gallagher, president and CEO of United Way Worldwide. "Achieving United Way's vision for the world – where all individuals and families achieve their human potential – requires innovation powered by new technology and outreach methods. In that spirit, integrating bitcoin donations with the United Way Worldwide Innovation Fund helps us achieve this crucial goal."

"United Way Worldwide recognizes Bitcoin as an emerging technology that is impacting charitable giving by reducing the costs associated with receiving online payments," said Brian Armstrong, Co-founder and CEO of Coinbase. "We are pleased to partner with United Way Worldwide and help donors around the world contribute to the organization's impactful initiatives."