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Nonprofit Privacy App Signal Supports Cryptocurrency Donation

The digital asset space is becoming one of the world’s prominent sectors as many mainstream firms are facilitating digital asset payments and settlements. A popular privacy chat app, Signal, has announced that it now supports crypto donations for its services. Bitcoin’s growth over the years has made it easier for crypto holders and investors to trust and hold the asset for future benefits.

The investment is known to have prominent gains within a short period as new investors take the space by storm. The chat app announced that it would support multi-digital asset currencies to follow the current digital asset acceptance trend, making it easier for crypto holders to make donations.

Signal support cryptocurrencies

The popular messenger is a nonprofit organization that collects donations to ensure it’s smooth running. But things have changed in global communities, and Signal might be following in that footstep as it now collects donations in cryptos. The organization recently added a new page to its official website, which explained how the cryptos would be processed.

Signal revealed that it would partner with The Giving Block, a crypto-related firm that helps nonprofit organizations convert crypto funding into cash. The app would accept payments in the top largest crypto assets, Bitcoin and Ethereum. The nonprofit organization would also facilitate donations from other small cryptos such as Litecoin, Chainlink, and Zcash, which some referred to as privacy crypto.

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People often compared Signal to the popular messenger app, Telegram. Like the latter, Signal utilizes end-to-end encryption, which means that messages go through the sender and receiver, with a third-party having access to that message. This would help people assure privacy, which many messengers are known to violate.

These apps are very different from a messenger like Facebook that uses messages to put up appropriate ads. Both Signal and Telegram don’t have ads, making it easy access for those who appreciate privacy. Interestingly, the app was in existence in 2018, and it was founded by Moxie Marlinspike, alongside WhatsApp’s creator, Brian Acton. Well-known influencers within the crypto space have shown their support for the private app, and one of them is Jack Dorsey.

Signal helped in Black Lives Matter protests

The app had also helped privacy as it created a blurring tool to help protesters hide their identity during the heavy protest when George Floyd died. The protest was concerning black race brutality, and the protesters were able to keep their identities hidden while still proving a point.

The privacy app might also be interested in officially joining the crypto space as sources explained that the firm might launch its cryptocurrency. Many firms want to be a big part of the current trends as some create cryptos, while others heavily invest in existing cryptocurrencies.

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With the new positive outlook, people have for Bitcoin, the asset’s mainstream adoption is inevitable as many companies now offer Bitcoin as a payment option. The new feature would give non-specialists exposure to digital assets and might even ignite an interest in cryptocurrencies. While the volatile assets continue to raise controversies, the asset is here to stay.


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📰 Also read:  Bitcoin Price Chart Signals a 'Decisive Move' in Coming Weeks, Bitfinex Analysts Claim

Adebayo Owotunse (Nigeria)

Adebayo Owotunse is a versatile writer who has written hundreds of crypto articles for dozens of agencies across the years. He is now also the newest addition to the Tokenhell writers team.

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