Tonga accepts Bitcoin donations amid tsunami onslaught

A small island of Tonga has been hit by a tsunami, and the country is calling for donations in Bitcoin. The nation’s Prime Minister Akilisi Pohiva announced on Twitter that he was accepting cryptocurrency as a way to help fight off any future natural disasters.

Register now on Binance, add 50$ and get 100$ bonus voucher!

The “crypto” is a cryptocurrency that was created in 2009 and has been accepted by many countries. It is the first decentralized digital currency, meaning there is no central bank or administrator. The crypto‘s value increases as more people use it.

 

The shockwave of the Hunga Tonga-Hunga-Ha’apai volcano’s huge eruption struck the Kingdom of Tonga on Friday. 

After the first eruption, others occurred, leaving the people of Tongatapu, the main island of Tonga, to contend with a tsunami.

Cryptocurrency owners expressed their sorrow and intention to give Bitcoin (BTC) to aid in the relief efforts in the midst of the hardships. Lord Fusitu’a, a former Tongan legislator and Bitcoin lover, was asked by Twitter user onair blair to create a wallet address where people may send bitcoins to Tonga’s relief efforts. 

People began escaping to higher ground as waves up to 1.2 meters (approximately 4 feet) high began to overrun roads and buildings. There haven’t been any recorded casualties as of the time of writing. However, among the current top worries for humanitarian agencies are air and water pollution.

In response, Lord Fusitu’a provided a BTC wallet address and a link where individuals may make a fiat donation to assist with the relief efforts. Since yesterday, the address has received a total of 0.10794983 BTC ($4,625.29).

Related: The blockchain gaming industry helps typhoon victims by raising $1.4 million

Lord Fusitu’a revealed to Cointelegraph last Friday that he intended to utilize the volcanoes’ geothermal energy to run Bitcoin mining operations that would help the nation’s finances. There are 21 volcanoes in the nation, and each one, according to Lord Fusitu’a, “produces 95,000 megawatts at all times, leaving plenty to spare.” A single volcano, according to the lord, can produce $2,000 in Bitcoin each day, which will be distributed to Tongan households.

The former congressman said that the nation intends to imitate El Salvador’s decision to make bitcoin official tender. According to a string of tweets sent out by Lord Fusitu’a on January 12, this might occur as early as November or December of this year.

Register now on Binance, add 50$ and get 100$ bonus voucher!

The “cryptocom losing money” is a cryptocurrency that has been hit hard by the recent tsunami. The Tonga government has accepted Bitcoin donations to help with their recovery efforts.

Related Tags

  • tonga, bitcoin
  • crypto news
  • tonga lord
  • crypto super cycle
  • ethereum adoption

Register now on Binance, add 50$ and get 100$ bonus voucher!

Recent Articles

Tonga accepts Bitcoin donations amid tsunami onslaught

A small island of Tonga has been hit by a tsunami, and the country is calling for donations in Bitcoin. The nation’s Prime Minister...

How to Buy Solana (SOL) in India

It is important to know how you can buy SOL in India. It’s no secret that the Indian market has only recently begun to...

How to Buy Flow (FLOW) in India

Flow is a cryptocurrency that was introduced in June 2018. It uses the Ethereum blockchain platform, but has its own built-in digital currency called...

Moonbeam Goes Live on Polkadot, Becomes its First Fully Operational Parachain

Moonbeam, the world’s first fully operational on chain scaling solution was released into the wild this week. The Polkadot-powered platform aims to provide scalability...

Stacks ecosystem becomes #1 Web3 project on Bitcoin

The Ethereum blockchain, which powers the Stacks ecosystem’s token STX, has become the most important web3 project on Bitcoin. The announcement is a sign...

Related Stories