As of this Monday, June 18, 2018, the Freedom of the Press Basis accepts cryptocurrency donations. However what tokens is it accepting?
Freedom of the Press Basis Accepts Cryptocurrency Donations
The non-profit helps journalists to report on points such because the “mismanagement, corruption, and law-breaking in authorities.” The muse has introduced that it is accepting Bitcoin (BTC), Bitcoin Money (BCH), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC).
The muse hopes so as to add extra cryptocurrencies sooner or later, however at the moment, donations will be made to the digital wallets which have been added to the Freedom of the Press Basis web site.
In accordance with the official launch, the Freedom of the Press Basis believes that “decentralized know-how has nice potential to advance the flexibility of people to withstand surveillance and censorship.”
Though the announcement was solely simply made on Monday, one blockchain firm, referred to as Mainframe, has already donated 1,000 ETH to the non-profit basis, which is roughly $500,000 USD, on the present market worth.
Regarding the donation, the Freedom of the Press Basis has stated:
“We’re deeply grateful Mainframe has made this crucial donation to assist Freedom of the Press Basis shield journalists and whistleblowers, and are excited Mainframe, by means of their know-how, shares our dedication to defending privateness and freedom on-line.”
Donations will assist to assist the muse’s tasks to advance press freedom, together with their SecureDrop whistleblower submission platform.
The Freedom of the Press Basis will be added to an inventory of non-profits which have begun to just accept cryptocurrency donations, together with the Pink Cross, the Water Mission, and even the Ellen Degeneres Wildlife Basis (the place actor Ashton Kutcher donated practically $four million value of Ripple’s XRP to in Might).
The acceptance of cryptocurrencies as a type of donation could possibly be attributed to its development in reputation. Both approach, foundations just like the Freedom of the Press Basis are actually opening their doorways to a unique sort of donation that may nonetheless assist to assist them.
Do you assume this might result in different corporations or companies accepting cryptocurrencies?
Featured Picture: DepositPhotos/AntonMatyukha