Wednesday, May 25, 2022

Progressive group adopts Bitcoin as ING and PayPal block donations


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Progressive Worldwide, a world group supporting progressive left-wing activists and organizers, is shifting into cryptocurrencies in response to getting de-banked by main cost and banking corporations.

The group took to Twitter on Monday to announce that it now accepts donations in cryptocurrencies like Bitcoin (BTC) and Ether (ETH) to defend itself in opposition to makes an attempt to close them out of the worldwide monetary system.

A spokesperson for Progressive Worldwide informed Cointelegraph that Dutch ING Financial institution and cost big PayPal blocked donations to the group in addition to their marketing campaign of solidarity with Cuba to assist vaccinate individuals in opposition to COVID-19. Per the consultant, ING and PayPal have been “appearing in assist of the US embargo.”

The vaccination marketing campaign, which was announced final month, aimed to highlight the Cuban authorities’s progress with growing vaccines for COVID-19 and host a panel of specialists to showcase their efforts.

“Progressive Worldwide depends on small donations from the general public to fund our work,” the consultant famous, including:

“As a defence in opposition to makes an attempt to close us out of the worldwide monetary system, we at the moment are additionally accepting donations in cryptocurrencies in addition to fiat currencies. We’re grateful for the donations we’ve obtained in cryptocurrencies.”

The spokesperson went on to say that that is the primary time that the group enabled donations in crypto. “We plan to proceed to simply accept donations in crypto to assist our work, not restricted to Cuba, and should develop into different currencies the place acceptable,” the particular person mentioned.

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The consultant mentioned that the group will replace its web site to incorporate details about crypto donations quickly.

On the time of writing, Progressive Worldwide introduced on Twitter that the BTC pockets tackle has collected a complete of 0.008 BTC ($307), whereas the ETH pockets tackle holds 0.715 ETH ($1,979).