Bitcoin and cryptocurrency cost processor, BitPay, is about to face one other wave of damaging publicity. This time it has refused to switch funds despatched as bitcoin donations to Hong Kong Free Press.

Bitcoin Donations Temporarily Suspended

In an offended tweet, HKFP founder and editor-in-chief, Tom Grundy, knowledgeable supporters that cryptocurrency donations had been quickly suspended. The motive for this was that BitPay had refused to switch donations for the previous three weeks.

In a follow-up tweet, Grundy defined that funds had been held for weeks, just because Hong Kong banks use SWIFT and never IBANs. One would think about although, that this might have been a constant subject, so it’s unclear why funds switch has change into an issue now.

The present political local weather in Hong Kong means there might be many components concerned. Perhaps BitPay is underneath strain from the Chinese authorities? Or possibly the issue has at all times existed, however has change into extra of frustration when donations are so desperately required? Or it may merely be an excuse for ineptitude on BitPay’s half?

“Never use BitPay, folks.”

Whatever the rationale, it’s nearly actually totally different from that of the final batch of damaging publicity a fortnight in the past. That centered round BitPay refusing a $100,000 bitcoin donation to assist combat fires within the Amazon rainforest, resulting from it being over the charity’s most permitted quantity.

But HKFP has solely obtained HK$14,817 (US$1890) in bitcoin donations because it was based in 2015. The newest unrest within the state might have seen a spike in help, however it’s unlikely to have breached limits.

Grundy was considerably damning in advising others to not use BitPay:

Truly the worst expertise you’ll be able to think about – poor popularity, abysmal communication, horrible customer support, *very* excessive charges. Almost any various can be higher.

His sentiment was mirrored within the feedback part, with a number of suggesting the open-source, BTCPay server in its place.

BitPay additionally lately confronted criticism for disguising it own fees as ‘Bitcoin Network Fees’, in an obvious drive to push Bitcoin Cash use.

Do you assume BitPay continues to be the perfect Bitcoin and cryptocurrency cost processor? State your ideas under. 

Images through Shutterstock, Twitter: @tomgrundy


Please enter your comment!
Please enter your name here