The Human Rights Foundation (HRF), a nonprofit organization that seeks to protect and promote global human rights with a special focus on individuals in closed societies, has announced that it will start accepting donations in Bitcoin.
In a tweet on Monday, the nonprofit organization will be accepting these Bitcoin donations via BTCPayServer, an open-source crypto payment processor. It stated,
We are happy to take your Bitcoin donation via BTCPayServer, a self-hosted, open-source cryptocurrency payment processor. It’s secure, private, censorship-resistant and free.
Unlike various other cryptocurrency payment processors, BTCPayServer is a completely open-source program and this makes it impossible to censor transactions. This has always been a topic for controversy for other payment processing servers such as BitPay.
These payment processors act as a middleman between the two parties by receiving crypto payments from individuals, changing it to fiat currency and giving companies or organizations that claim to accept payments in cryptocurrency these fiat currencies. This, however, paves the way for the payment processing servers to censor the transaction.
On the other hand, though, the BTCPayServer is a code, and as such, ensures the privacy of the transaction, thus, preserving the qualities of bitcoin that distinguishes it from fiat currencies.
The nonprofit organization also accepts donations in various other cryptocurrencies such as ETH. In fact, HFR made it to the list of organizations accepting cryptocurrencies in November.
Human Rights Foundation is not the only nonprofit organization that accepts cryptocurrency donations. In October 2019, UNICEF launched a cryptocurrency fund for donations in bitcoin and ether.
Author: Obike Favour