Paying It Forward

By Carl Straumsheim. Before the University of Puget Sound could accept what has been called the first bitcoin donation to a U.S. university, Sherry Mondou had to clarify a laundry list of concerns.
“The risks that came to my mind were: Could there be a way for hacking or some way for the gift to be stolen while it’s in process?” Mondou, the university’s vice president for finance and administration, said. “By accepting bitcoin, is there some association with criminal activity? The big one was, really, in the end, how could we avoid the currency volatility?”
Bitcoin and its roughly 150 spinoffs, with names such as dogecoin, flappycoin and takeicoin, are cryptocurrencies -- electronic money. Read more...