Truckers in Canada are turning to Bitcoin after GoFundMe stopped accepting $9 million in contributions
Following the cancellation of a GoFundMe page for Canadian truckers protesting COVID-19 limitations, a group of Canadians has started fundraising using Bitcoin (BTC).
Prior to the ban, the campaign had received more than $9 million in contributions. However, the fundraising site featured a disclaimer stating that it was “Under Review”:
“At the moment, this fundraiser is halted and being reviewed to verify that it conforms with our terms of service and relevant laws and regulations.”
Since then, GoFundMe has indicated that it would not distribute the remaining $9 million to the Freedom Convoy 2022 campaign, claiming that it has broken the campaign’s guidelines, noting that the “peaceful protest has devolved into an occupation.”
GoFundMe said that until February 19, 2022, all contributors may seek a complete refund, with the leftover monies being donated to “existing charity confirmed by GoFundMe.”
As a consequence, the truckers are unable to access the monies, prompting a group of Canadians to gather funds for the truckers via other ways, with the group opting for Bitcoin.
Due to the decentralised nature of the Bitcoin network, it is not controlled by a single body. Additionally, BTC, the network’s original currency, is peer-to-peer transferable between any sender and receiver having a Bitcoin address.
The campaign is able to receive all Bitcoins directly into wallets in which they keep custody of the keys by using Tallycoin.
As a result, unlike GoFundMe, Tallycoin does not have the ability to withhold any of the monies donated. Additionally, by using Tallycoin, Bitcoin contributions may be done on-chain or through the Lightning Network, increasing efficiency.
After just a few days, the campaign has raised around 1 BTC (approximately $41,500) at the time of publication of this report.
By doing so, the wallet eliminates a single point of failure. Additionally, it ensures that the group must coordinate the money’s use since no one person has the capacity to send or receive Bitcoin.
The organisation is currently debating the most efficient method of distributing the monies to truck drivers. Canada is home to a varied array of Bitcoin service providers that allow clients to purchase common goods and services with Bitcoin.
At the moment, it seems as if the major focus will be on leveraging Bitcoin to aid truckers in buying gasoline and food as they battle the harsh Canadian winter in their quest for an end to limitations.