Portnoy’s Small Business Fund accepts Bitcoin and crypto donations

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Barstool Media’s Dave Portnoy accepts BitcoinBTC) And cryptocurrency donations to his Small Business Relief Fund. 24 hours after the merger, the crypto community responded with incredible generosity.

The Barstool Fund It started Last week, while writing a fundraiser for small businesses affected by the Covid-19 outbreak, it raised nearly $ 5.3 million to help 14 businesses. Over 53,000 donors donated. For tax reasons, the campaign is scheduled to run until the end of the year.

One of them is a big lump Donations Morgan Creek came from the cryptocurrency community after setting up a Bitcoin address via digital The offer, crypto donation company. In addition to Bitcoin, the Barstool Fund also accepts donations Ethereum, Litecoin, Bitcoin Money, Zcash, Basic Focus Token, Chainlink, Gemini Dollar, DAI, Storj, Amp and 0x.

Anthony Papillono, co-founder and co-founder of Morgan Creek Digital, told Cointelegraph on Friday morning that the crypto donation was worth at least $ 750,000.

“It is difficult to track all donations coming from the crypto community. But we do know that at least $ 750,000 was donated in US dollars or crypto. In fact, the numbers are higher. ”

“2020 has been a difficult year,” said Paplorano. Bitcoin has been great for all of us.

go ahead

“The best new way to end this year with Bitcoin All-time high and with a few donations to share the love.”

Cointelegraph reporter Helen Partz Alex Wilson, co-founder of The Giving Block, was contacted to explain how crypto donations were included in the Barstool Fund.

Users can donate to crypto Visit Click on the “Bar Support” fund and select the cryptocurrency option. There they can create a wallet address and send donations from their own wallet address. Once the payment is complete, donors will receive a tax return via their email.

Health officials say the Covid-19 virus, which is struggling to control the spread of the disease, is a federal, Unprecedented reactions from state and local governments. Shelter-in-post order, while intended to be temporary the result Hundreds of hundreds of businesses are in permanent closure.

As Pompliano notes, small businesses account for about 50 percent of all U.S. jobs, and they are the dream of millions of Americans around the world. The economic consequences of an epidemic are affecting small businesses and will return to the rest of the world.

Congress is finally here Agree The new $ 284 billion Covid rescue package for the Paycheck Defense Program (PPP) Extra Due to the closure, many people are affected by the rescue operation, which is too late, especially for strict business orders.



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