Bitcoin Cash (BCH) is a cryptocurrency which came to be as a result of a hard fork on the original Bitcoin Blockchain. The split occurred as a result of wanting to increase the block size to reduce congestion on the Bitcoin Blockchain. Though people question its stability it’s stayed strong, currently it’s trading at $883.06 and has a market cap of $15 Billion. Recently, Bitcoin Cash has been listed on SBI holdings-owned crypto exchange, SBI virtual exchange.
Sources report that The Freedom of the Press Foundation (FPF) will now accept donations in multiple cryptocurrencies. This includes Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC).
First major crypto donation
On Monday, the non-profit organization accepted a donation of 1000 ether coins to mark its first major cryptocurrency contribution. The decentralized network for censorship resistance, Mainframe made the donation.
A HUGE thank you to @Mainframe_HQ, who is helping kick off our cryptocurrency donation page with a donation of 1000 ETH! We are thrilled @Mainframe_HQ shares our goal of protecting journalists and whistleblowers in the digital age. https://t.co/P8q6aEZJ14
— Freedom of the Press (@FreedomofPress) June 18, 2018
Mainframe is well-known for its antics involving digital currencies. They’d been in the news for avoiding regulatory scrutiny over initial coin offerings (ICOs). The company had distributed their new coin for free at a party in Hong Kong. The party held at the inaugural Token 2049 conference released free digital money that was worth several thousand dollars. The crypto tokens rained down into the eager hands of the attendees via a shower of balloons and confetti. The Utah-based secure messaging start-up had planned 25 such events to “airdrop” $1 million worth of crypto coins.
Bitcoin donations to FPF
The Freedom of the Press foundation have actually been accepting Bitcoin donations from 2013. However Bitcoin’s Stripe integration was often broken. The FPF stopped accepting Bitcoin after Stripe removed support for Bitcoin in January. FPF also said that they’re launching a new page to accept digital coins directly from crypto wallets.
Traditional payment platforms like PayPal or Stripe are subject to more regulations. For example, donations to WikiLeaks was suspended by PayPal in 2010. The company cited that it was due to a violation to its acceptable use policy. And cryptocurrency donations offer an alternative solution to these to traditional payment platforms.
Image via shutterstock
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