Tor Project opens doors to Monero [XMR] donations; BitPay left in the lurch?

Tor Project opens doors to Monero [XMR] donations; BitPay left in the lurch?

Monero [XMR], the thirteenth largest cryptocurrency by market cap, has been listed among the cryptocurrencies accepted for donations to the Tor Project. This aside, Tor Project also has its own direct wallets for the acceptance of cryptocurrency payments.

Tor Project is a non-profit organization, advancing human rights and freedom with the creation of privacy-enhancing technology and open-source anonymity. The main responsibility of the project is to maintain the anonymity of the Tor network.

ExpensiveVanilla4, a Redditor said,

“If you are going to donate to privacy oriented projects then you should do it with Monero, unless you want to end up on yet another list.”

With Monero [XMR] added to the list, Tor Project currently has nine cryptocurrencies that are accepted for donations. The other cryptocurrencies include, Augur [REP], bitcoin [BTC], Litecoin [LTC], Stellar Lumens [XLM], Dash, Ethereum [ETH], ZCash [ZEC], and bitcoin Cash [BCH].

Additionally, the project also created its own direct wallets for all the above cryptocurrencies. This would enable users to donate cryptocurrency directly to Tor Project, instead of relying on services provided by other parties such as BitPay, a bitcoin payment service provider.

More so, the Fundraising Director of Tor Project, Sarah Stevenson, stated in a tweet that the Foundation would move away from BitPay, if people stopped using it. Talks pertaining to the Tor Project and BitPay are already making rounds, with the Director looking into Lightning Network as one of the replacement options.

Joecoin, another Redditor said,

“To get rid of Bitpay is as important as to get rid of Coinbase and I hope many companies and corporations follow this example. Bitpay and Coinbase both have business plans that are entirely obsolete if bitcoin fulfills its promise as a p2p money. They are literally the natural enemies of bitcoin.”

The post Tor Project opens doors to Monero [XMR] donations; BitPay left in the lurch? appeared first on AMBCrypto.

Published at Wed, 20 Mar 2019 00:55:58 +0000