Private Messenger app Signal announced that it has started receiving Bitcoin and other cryptocurrency as donations.
The donations will be made to Signal Technology foundation, the independent non-profit behind Signal, to support the company in its quest to develop open-source privacy technology for secure communication.
In a tweet introducing the crypto donation option, Signal said it depends on support and generosity of the public.
“As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity,” read the tweet.
Donors can donate using Bitcoin, Ethereum and ten other cryptocurrencies including Amp, Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Dai, Gemini Dollar (GUSD), Litecoin (LTC), Storj, Zcash and 0x (ZRX).
All donations, including anonymous ones, will be processed through The Giving Block, a crypto firm that helps non-profits accept donations in cryptocurrency.
The current price of bitcoin is $55,193.74, dropping by 0.06% in the last 24 hours. Bitcoin’s current market cap of $1.03T and market volume of $66.93B. In the last 24 hours, bitcoin has dropped to $53,350.37 and experienced a 24 hours high of $57,337.97. Currently, 18,655,493.75 bitcoins are in circulation.
Stats and Image from Coin Desk
Per the announcement, all donations in crypto and fiat are used to pay for developments, servers and bandwidth of the Signal app.
Signal is a private and secured messaging app that provides an end-to-end encrypted messaging service, where chats and media can only be accessed by the sender and the receiver, unlike social app like Facebook Messenger, where personal data can be accessed and used by Facebook.
Signal Technology Foundation was founded in 2018 by Brian Acton and Moxie Marlinspike.