The Freedom of the Press Foundation (FPF) now officially accepts donations made with cryptocurrencies, the non-profit announced Monday.
The move is "a natural fit" for the organization, which aims to support journalists reporting on issues within governments, said executive director Trevor Timm.
FPF – which will now accept bitcoin, bitcoin cash, ethereum, litecoin and zcash – currently has digital wallets available for direct donations, he said, although the aim is to ultimately utilize a payment processor to automatically convert the donations into fiat currency.
Decentralized technology is a tool that can help prevent online censorship, as well as prevent surveillance by certain parties, according to Timm. The decentralized nature of cryptocurrencies, in particular, can mitigate the risk of "financial censorship" by the relatively small number of traditional payment processors that currently hold a "monopoly" on fund transfers, he stated.
Timm told CoinDesk:
"We live in a time when journalists around the world have never been at greater risk of surveillance, arrest, or worse, and it's incredibly important that supporters of press freedom have all the available options to them to fight back," he said.
Perhaps in recognition of that mission, blockchain startup Mainframe has already made the first crypto donation, sending 1,000 ether (around $498,000 at press time) to the foundation.
Timm said that the funds would allow the FPF, which notably has NSA whistleblower Edward Snowden on its board, to expand its work, adding that "hopefully it might even inspire others to donate."
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.