In line with a complaint on social media by Tom Grundy on September 11, founding father of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay immediately started to not go on donor cash.
Press CEO: "By no means use BitPay"
HKFP has accepted Bitcoin (BTC) assist since 2015. Since that point, BitPay has processed funds price slightly below 15,000 HKD ($ 1,900).
Nonetheless, in the course of the previous three weeks, the corporate has blocked entry, Grundy defined that delays within the fiat banking system have been in charge. BitPay, he provides, has saved quiet about assist requests and complaints.
"Funds held for weeks simply because HK banks use SWIFT and never IBAN & # 39; s," he wrote on Twitter and continued:
“By no means use @BitPay, folks. Actually the worst expertise you may think about – unhealthy popularity, horrible communication, horrible customer support, * very * excessive prices. Virtually each different shall be higher. "
From the second of printing, no official reply has appeared on Grundy.
BitPay's enviable popularity
As a Cointelegraph reported, BitPay has seen a number of scandals with completely different features of its enterprise, together with freezing funds, not supporting massive portfolios and allegedly making an attempt to get Bitcoin to make use of much less usually.
Final month a $ 100,000 Bitcoin donation to the Amazon rainforest suffered the same destiny.
The practices have lengthy biased crypto advocates, claiming that the corporate is an pointless complication for Bitcoin, which capabilities with out intermediaries and fee authorizations.
Like with previous offended prospects, HKFP has rapidly supplied quotes from different processors such because the open-source BTCPay.