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The nonprofit foundation behind the privacy-driven messaging app Signal is officially joining the cryptocurrency venture. In this case, the Signal Foundation announced it has started accepting crypto donations.
Signal Foundation Also Takes Donations in Privacy Coins
According to an announcement via Twitter, the organization encouraged people to arrange donations via cryptocurrencies, but itâs not limited to bitcoin (BTC) or ethereum (ETH).
Per their landing page, the foundation also supports litecoin (LTC), chainlink (LINK), zcash (ZEC), amp (AMP), Basic Attention Token (BAT), dai (DAI), gemini dollar (GUSD), storj (STORJ), and 0x (ZRX).
The addition of privacy coins comes in response to a number of social media users asking Signal to add such cryptos to âcomplyâ with their privacy-driven philosophy.
A tweet from Signal reads:
As a nonprofit organization, we depend on your support. If youâve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity.
Regarding the crypto payment processor used, the Signal Foundation stated it will handle all payments via The Giving Block, a company specialized in processing crypto donations for nonprofit organizations.
Moreover, the team behind the Signal app pointed out that those who want to claim U.S. tax deduction can optionally âprovide an email address to receive a tax receipt.â
The foundation further clarified that The Giving Block supports anonymous donations.
App Endorsed by Crypto-Friendly Personalities
Signal, created in 2018 by Moxie Marlinspike and Brian Acton, is a well-known privacy messaging app with more than strong encryption features.
In fact, the app has received mainstream endorsement globally from crypto-friendly personalities, such as American whistleblower Edward Snowden, Twitter co-founder Jack Dorsey, and Tesla Technoking Elon Musk, who recently encouraged his Twitter followers to start using it.
Recently, due to the controversy sparked by Whatsapp changing its terms and conditions, Signalâs user base skyrocketed in a matter of hours.
What do you think about Signal accepting crypto donations? Let us know in the comments section below.
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