Wednesday, June 19, 2024

Tonga allows Bitcoin donations in the aftermath of the tsunami

The pacific island nation of Tonga is one of the most crypto-friendly countries in the world. Despite its small size, tiny population, and a weak economy, the country has recently moved towards making Bitcoin legal tender. In a recent proposal by one of Tonga’s members of parliament, the country will follow El Salvador’s footsteps to make Bitcoin legal tender. If the proposal is actualized, Tonga will be the only country after El Salvador to legalize Bitcoin as currency. The Hunga Tonga-Hunga-Ha’apai volcano erupted near the Kingdom of Tonga last Friday and caused widespread loss of life and property. Tongatapu, the central island of the country, faced a lot of damage, and people had to flee for their lives. Former member of parliament of Tonga Lord Fusitu’a connected with Twitter user Onair Blair and set up a Bitcoin wallet address where people can donate Bitcoins.

As of now, a total of 0.10794983 BTC were sent as donations to the Bitcoin wallet of Lord Fusitu’a. People across social media platforms promoted the cause and reshared the wallet address of Lord Futisu’a.

In the past, Lord Futisu’a had suggested generating power for Bitcoin mining from the 21 active volcanoes across the islands. These are the same volcanoes that have caused widespread destruction and loss of life. However, Lord Futisu’a and many others believe that the same volcanoes could also power Bitcoin mining operations at huge scales. Social media users across different platforms urged users to donate for the relief of the people of Tonga.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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