‘By no means Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block
In keeping with a criticism on social media by Tom Grundy on Sept. 11, founding father of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay all of a sudden started failing to cross on funds from donors.
Press CEO: “By no means use BitPay”
HKFP has accepted Bitcoin (BTC) help since 2015. Since that point, BitPay has processed funds price slightly below 15,000 HKD ($1,900).
For the previous three weeks, nonetheless, the corporate has blocked entry, Grundy explaining that delays within the fiat banking system have been in charge. BitPay, he provides, has saved silent within the face of help requests and complaints.
“Funds held for weeks merely b/c HK banks use SWIFT not IBANs,” he wrote on Twitter, persevering with:
“By no means use @BitPay, of us. Actually the worst expertise you may think about — poor repute, abysmal communication, horrible customer support, *very* excessive charges. Nearly any various shall be higher.”
As of press time, no official response to Grundy has appeared.
BitPay’s unenviable repute
As Cointelegraph reported, BitPay has seen a number of scandals involving varied facets of its operations, together with freezing funds, failure to help main wallets and allegedly making an attempt to make prospects truly use Bitcoin much less typically.
Final month, a Bitcoin donation to the Amazon rainforest fires price $100,000 suffered an identical destiny.
The practices have lengthy irked crypto proponents, who argue the corporate is an pointless complication for Bitcoin, which features with out intermediaries and fee permissions.
As with earlier indignant prospects, HKFP quickly fielded gives of options processors such because the open-source BTCPay.