BitPay Payment Processor criticized for promoting Bitcoin Cash

Hong Kong Free Press (HKFP) editor-in-chief Tom Grundy has claimed that the BitPay payment processor refuses to transfer donations made on behalf of the organization. In the message posted on Twitter, Grundy explained:

Contents hide

1 BitPay Payment Processor criticized for promoting Bitcoin Cash

1.1 Related posts:

“Many thanks to the HKFP supporters who donated 14,817 HK in Bitcoin since 2015.
However, crypto donations are temporarily suspended because BitPay refused to transfer the donations made to hongkongfp for 3 weeks without good reason. ”

Later, Grundy explained that the funds were withheld for weeks, simply because Hong Kong banks use SWIFT and not IBAN. However, this has not been a problem so far, so it is not clear why the transfer of funds has been stopped now.

The current political climate in Hong Kong means there may be many factors involved. The population has organized numerous protests over a bill that would allow extradition of criminals to investigate in China.

Read This Now: Europeans predicted mass impoverishment and uncontrolled inflation

BitPay Payment Processor criticized for promoting Bitcoin Cash

BitPay may be under pressure from the Chinese government or it could just be another major blow.

Two weeks ago, BitPay declined a $ 100,000 donation to help fight fires in the Amazon forest. At the time, the justification was that the Amazon Watch charity had a transfer limit on the account.

BitPay also faced criticism for disguising its fees as “Bitcoin Network Fees” in an apparent action to promote the use of Bitcoin Cash.

In any case, the publisher of Hong Kong Free Press very vocal criticized the payment processor BitPay and advised the public not to use their services. So far, BitPay has not offered a statement on the situation.