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University accepts Bitcoin donations to fund crypto-related activities

Published 01/14/2022, 08:29 AM
Updated 01/16/2022, 10:20 AM
© Reuters.

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TCF chief financial officer David Fuhriman said one percent of the total crypto holdings would be withdrawn quarterly to fund campus activities that aim to discover how the university could interact with crypto, such as working on a system that permits broader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

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