Tonga Accepts Bitcoin Donations To Aid With Relief Efforts Amid Tsunami
Reports said that Tonga is now accepting Bitcoin (BTC) donations to aid with relief efforts as the country faces the aftermath of a huge volcanic shockwave leading to a tsunami.
It has been reported that amid the difficulties, crypto holders expressed their sympathy and intent to donate Bitcoin to help with the relief operations. Twitter user Onair Blair urged Bitcoin supporter and former Tongan lawmaker Lord Fusitu’a to set up a wallet address where people can donate Bitcoin for Tonga’s relief funds.
However, with waves of up to 1.2 meters (about 4 feet) covering roads and properties, people started fleeing to higher ground to escape. As of January 17, there have been no casualties reported. Air and water contamination are now some of the immediate concerns for aid organizations.
The report said that Lord Fusitu’a responded with a BTC wallet address and a link where people can donate fiat to help with the relief operations. The address has received a total of 0.10794983 BTC ($4,625.29) since Sunday. On Friday, Lord Fusitu’a plans to use geothermal energy from the volcanoes to power Bitcoin mining operations that would aid the country’s finances.
Likewise, the country has 21 volcanoes, and according to Lord Fusitu’a, “each volcano produces 95,000 megawatts at all times leaving much to spare.” The lord noted that a single volcano can generate $2,000 worth of Bitcoin daily, and this will be given to Tongan families.
Thus, the former lawmaker also noted that the country is set to copy El Salvador’s move of making Bitcoin legal tender. Fusitu’a said that this could happen as early as November or December this year.