It has been reported that the platform has started accepting crypto donations as a form of support for the Signal Technology Foundation, the nonprofit organization behind the app.
“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.”
However, cryptocurrency donations are now part of Signal’s “Donate” section on its official website, specifying that the new feature is enabled via major crypto donations platform The Giving Block.
The report said that Signal accepts 12 cryptocurrencies including Bitcoin, Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Gemini Dollar (GUSD), Basic Attention Token (BAT), Zcash (ZEC), and Chainlink’s LINK.
“The Giving Block also supports anonymous donations.”
Likewise, the Signal Technology Foundation was launched in February 2018 by WhatsApp co-founder Brian Acton, who left both WhatsApp and Facebook to create Signal in 2017.
Your favorite end-to-end encrypted messaging service @signalapp is now accepting crypto donations. Why is this so important for the organization? https://t.co/JEnACPGqEK — Cointelegraph (@Cointelegraph) March 16, 2021
Thus, Signal was testing payment features with Binance-backed Stellar-based privacy coin platform MobileCoin by noting that Signal CEO Moxie Marlinspike also serves as an adviser on the MobileCoin project.