A donation of $ 100,000 Bitcoin (BTC) to Amazon Rainforest Charity blocked by BitPay 2

A donation of $ 100,000 Bitcoin (BTC) to Amazon Rainforest Charity blocked by BitPay

A donation of $ 100,000 Bitcoin (BTC) to Amazon Rainforest Charity blocked by BitPay 3

A blocked donation of Bitcoin to support firefighting in the Amazon rainforest has become Bitpay's latest advertising puzzle.

A donation of $ 100,000 Bitcoin (BTC) to Amazon Rainforest Charity blocked by BitPay

According to a social media exchange on August 23, the disputed payment processor in the encrypted currency faces new criticism after failing to pledge a donation of 100,000 Bitcoin.

The payment came from a donor to Amazon Watch Charity who had accepted payment by BitPay cryptocurrency.

BitPay reportedly refused the payment because the maximum amount allowed by Amazon Watch was less than $ 100,000. After ignoring a formal complaint, the agency's BitPay staff on Twitter said he could solve the problem himself by changing the settings of his account.

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A donation of $ 100,000 Bitcoin (BTC) to Amazon Rainforest Charity blocked by BitPay 5

However, this has proven to be inaccurate because the company must first submit compliance documentation to enable a higher level.

"… We tried to increase the volume, but we can not do it via the dashboard and we were told that we had to comply with the email rules," he said. she confirmed.

The debacle adds to the criticisms that BitPay often uses. An overzealous bureaucracy, compounded by a separate scandal over the so-called transaction fees, has led to frequent calls for the use of open source alternatives to payment processors.

The logic, as a Twitter user commented on the difficulties of Amazon Watch, is that Bitcoin is a free and open payment system. Third parties who examine transactions arbitrarily disagree with their sole purpose.

The donation comes as the Amazon is hit by thousands of fires, many of which were said to have been intentionally set on fire by farmers and loggers after controversial Brazilian President Jair Bolsonaro relaxed environmental regulations after entering the country. function last October.


Sources: coindesk
Source: Pixabay