Bitcoin remains a topic of substantial debate and lots of opposition. Despite the advantages cryptocurrency offers when it comes to crowdfunding, very few platform shave integrated cryptocurrency support. GoFundMe suspended a campaign which had a Bitcoin address listed, as it allegedly violated their terms of service.
GoFundMe Doesn’t Like Bitcoin
It has to be said; crowdfunding platforms do not take kindly to Bitcoin. If they did, companies such as Indiegogo and Kickstarter would have added support ages ago. Despite that, some campaigns will try to sneak in a Bitcoin donation address. For a recent campaign on GoFundMe, that strategy resulted in getting their project suspended from the website.
A Ugandan employment program for youth had a Bitcoin address listed on their campaign page. It did not take long for the GoFundMe staff to take notice of this issue, and they asked to remove the address. The company’s terms and conditions allegedly state campaign visitors cannot be offered alternative payment options.
While this makes sense on paper, countries such as Uganda have a lot of problems to deal with. Crowdfunding is a great way to obtain funds, but getting the money to where it belongs is not straightforward. Moreover, GoFundMe does