The Apache Software Foundation Now Accepting BitCoin For Donations 67
rbowen writes The Apache Software Foundation is the latest not-for-profit organization to accept bitcoin donations, as pointed out by a user on the Bitcoin subreddit. The organization is well known for their catalog of open-source software, including the ubiquitous Apache web server, Hadoop, Tomcat, Cassandra, and about 150 other projects. Users in the community have been eager to support their efforts using digital currency for quite a while. The Foundation accepts donations in many different forms: Amazon, PayPal, and they'll even accept donated cars. On their contribution page the Apache Software Foundation has published a bitcoin address and QR code.
Re:Why wouldn't they? (Score:5, Informative)
For real business purposes, though, you'd be bonkers to accept bitcoins.
Why? It has value. And companies willing to process it for you and convert directly into your currency of choice. And due to it's nature, it is actually harder for the merchant to be defrauded than with regular credit cards... Not sure where the downside here is, especially if they are not holding them.
Re:Why wouldn't they? (Score:4, Informative)
For real business purposes, though, you'd be bonkers to accept bitcoins.
Bonkers like Newegg, and Dish Network? Both of which accept bitcoin.
Re:Why wouldn't they? (Score:4, Informative)
So basically you found someone who will deal with you in bitcoin because their native currency is even more worthless and volatile than the BTC market ... good job.
Yes, but that is 80% of the people in the world.