Industry Report: Bitcoin Creates ‘Love-Hate’ Relationships



GoFundMe doesn’t care for bitcoin while a European betting site does, and two more security breaches occur. Want to catch up on your latest digital currency and tech news? Take a look at the stories below.

GOFUNDME DITCHES BITCOIN-POWERED CAMPAIGN

An Africa youth campaign on GoFundMe was temporarily suspended after it placed a bitcoin address on its donations page. The platform halted the campaign, feeling that bitcoin was in direct competition with GoFundMe’s primary donation methods. The address was removed, and the page was later restored, but some are angry about the site’s decision and feel bitcoin is not appreciated enough as a monetary source.

The funded program involves community worker Anthony Ojok, who works with homeless and child soldiers in Uganda. He’s looking to build an organization that doesn’t give them handouts, but rather the potential skills to find work and run businesses. The campaign also features a video specially produced by rap artist Rob Hustle, who expressed disappointment in GoFundMe’s decision:
“This hurts us in a few ways. First, bitcoin is the safety way to send money to Africa. It protects people from corrupt officials, predatory banks, and other instabilities that plague the region. It doesn’t require you to have credentials, permits, or paperwork, and it doesn’t require exorbitant fees to be paid in order to transfer the money. It allows us to raise and send money to impoverished regions cheaply, safely and efficiently.”

Read More >> 

Welcome User ....

Not Spam
Not Porn

Comment