‘By no means Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block
Based on a grievance on social media by Tom Grundy on Sept. 11, founding father of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay instantly started failing to move 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 had been guilty. BitPay, he provides, has stored 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, people. Really the worst expertise you’ll be able to think about — poor fame, abysmal communication, horrible customer support, *very* excessive charges. Nearly any different might be higher.”
As of press time, no official response to Grundy has appeared.
BitPay’s unenviable fame
As Cointelegraph reported, BitPay has seen a number of scandals involving numerous elements of its operations, together with freezing funds, failure to help main wallets and allegedly trying to make clients truly use Bitcoin much less typically.
Final month, a Bitcoin donation to the Amazon rainforest fires price $100,000 suffered an analogous destiny.
The practices have lengthy irked crypto proponents, who argue the corporate is an pointless complication for Bitcoin, which capabilities with out intermediaries and cost permissions.
As with earlier indignant clients, HKFP quickly fielded affords of options processors such because the open-source BTCPay.