Embracing the Digital Revolution
Progressive International, the global platform for progressive activists, has made a bold move into the realm of cryptocurrency. In what can only be described as a survival tactic to counter the financial strangulation from traditional banks and payment processors, the organization has announced they will now accept donations in cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).
Why Crypto? Why Now?
The decision comes on the heels of notable financial institutions, including Dutch ING Bank and PayPal, shutting off donations for their solidarity campaign with Cuba. According to their spokesperson, these companies were “acting in support of the United States embargo,” effectively dampening their financial capabilities.
- Blocked transactions from major payment systems
- Urgent need for funding to support progressive causes
- Global movement towards financial privacy
Cuban Solidarity Campaign in Jeopardy
The organization has been steadfast in campaigning to support the Cuban government’s efforts to vaccinate its population against COVID-19. To further emphasize their cause, a panel of experts was proposed to discuss the advancements in vaccine development in Cuba. However, with major financial channels closed off, the organization faced a funding conundrum.
Money Talks and So Does Crypto
In their recent Twitter announcement, Progressive International emphasized that cryptocurrency is more than just an alternative payment method; it’s a lifeline. The organization has highlighted the total amounts collected so far: 0.008 BTC (roughly $307) and 0.715 ETH (around $1,979). It’s not exactly buying a yacht, but hey, every little bit counts!
Long-term Plans for Crypto Engagement
According to their spokesperson, this isn’t just a fleeting attempt to get by. They plan to maintain and expand their cryptocurrency donation options as they seek broader financial independence. “We are grateful for the donations we have received in cryptocurrencies,” they noted, suggesting that crypto could be a persistent fixture in their fundraising strategy.
Looking Ahead: Expanding the Crypto Horizon
As Progressive International gears up to broaden its horizons, there’s talk of potentially accepting other currencies in the future. Just imagine accepting Dogecoin for a cause—it would definitely add a touch of humor amid the serious struggle for financial survival!
