United States Figure Skating Body Adopts Bitcoin Donations

The United States Figure Skating Association, the country’s national governing body for the sport of figure skating.

Is the latest organization in the country to accept donations in cryptocurrencies such as Bitcoin (BTC).

The organization has partnered with the enterprise-level donation platform Engiven to begin accepting cryptocurrency donations and gifts.

The United States Figure Skating Association made the announcement on Tuesday.

The organization first announced plans to accept cryptocurrency donations in September 2021.

The new donation payment option is now live on the US Figure Skating website via Engiven’s platform.

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It accepts donations in major cryptocurrencies such as BTC, Ether (ETH), Dogecoin (DOGE), and stablecoins such as USD Coin (USDC) and PAX Gold (PAXG).

“U.S. Figure Skating now accepts cryptocurrency donations for any of its major funds.” “Gifts of cryptocurrency are tax-deductible and can assist US Figure Skating in developing programming for athletes,” according to the association’s website.

According to the announcement, Engiven automatically converts donated cryptocurrency into US dollars and transfers the funds to US Figure Skating.

“US Figure Skating is the first national governing body in the United States to accept gifts in multiple cryptocurrencies,” according to the announcement.

Ramsey Baker, executive director of US Figure Skating, stated that the donation options are part of the organization’s ongoing efforts to find new and innovative ways to fund its athletes, clubs, programs, and initiatives.

“In today’s rapidly changing financial marketplace, allowing our supporters to donate to US Figure Skating using cryptocurrency makes sense.”

Baker added that the more ways current and new donors can support the organization.

The more US Figure Skating will be able to directly support the athletes and the many programs that serve its members.