Cryptocurrency fee processor BitPay faces one other publicity nightmare amid claims it blocked donations to Hong Kong for a number of weeks.
Based on a criticism on social media by Tom Grundy on Sept. 11, founding father of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay immediately started failing to move on funds from donors.
Press CEO: “By no means use BitPay”
HKFP has accepted Bitcoin (BTC) assist since 2015. Since that point, BitPay has processed funds price just 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 accountable. BitPay, he provides, has stored silent within the face of assist 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. Actually the worst expertise you may think about — poor status, abysmal communication, horrible customer support, *very* excessive charges. Nearly any different shall be higher.”
As of press time, no official response to Grundy has appeared.
BitPay’s unenviable status
As Cointelegraph reported, BitPay has seen a number of scandals involving varied features of its operations, together with freezing funds, failure to assist main wallets and allegedly making an attempt to make clients truly use Bitcoin much less typically.
Final month, a Bitcoin donation to the Amazon rainforest fires price $100,000 suffered the same 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 clients, HKFP quickly fielded affords of options processors such because the open-source BTCPay.