New York-based non-profit charity, the Human Rights Foundation (HRF) announced on March 9 that it now accepts bitcoin donations through the BTC Pay server. The BTC Pay server is completely open-source that cannot inspect transactions dissimilar to other payment processing firms.
In the past, crypto payment processing firms have been subject to cause célèbre. The intermediaries who facilitate BTC transactions may sanction both the P2P and the censorship of a transaction.
Moving forward, the humanitarian group tweeted that it will partner with payments processing firm, BTC Pay to enable bitcoin donations. This is not the first time HRF has invited cryptocurrency donations. Back in November 2019, Wikipedia updated its page about humanitarian organizations that accept crypto donations. HRF was among the listed charity groups.
HRF is using BTC Pay to expedite bitcoin donations
According to the chief strategy officer of the HRF, Alex Gladstein, the Human Rights Foundation has been welcoming bitcoin donations from 2014 afterward. However, this marks its initial interaction with a payment processing firm to facilitate bitcoin donations. Apart from Bitcoin, the foundation also accepts Ethereum, Monero and Zcash donations as per its website.
“BTCPay Server helps protect the privacy of donors; has no centralized entity that would collect or exploit user information; and is nicely customizable,” stated Gladstein.
Furthermore, the HRF has praised Bitcoin in the past. The organization has suggested that Bitcoin can help in the advocacy for freedom without hindrances by governments. For example, the humanitarian foundation published recommendations on how journalists and activists can utilize digital currencies anonymously to positively impact the human rights scene.
Why do charity organizations use payment processors?
A wide range of charitable organizations worldwide claims that they accept donations to run their activities. However, they do this with the help of a payment processing firm. These firms make these groups appear as if they accept bitcoin donations while in reality, they take fiat.
The payment processors receive the Bitcoin donations, swap the Bitcoin to fiat and pay the charity group or firm using fiat. Payment processors are just intermediaries between the donors and the receiving firm.
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