Digital Assets: Feminist Anti-Police Movement In Nigeria Uses Bitcoin For Funding
The Nigerian Government shut down the bank accounts of the Feminist Coalition Group.
The Feminist Coalition Group is a group of Nigerian women working towards the aim of feminine equality in terms of rights, finances, and political and legislative power. The movement is now supporting the #EndSARS protest movement by Nigerians. Unfortunately, the Nigerian government blocked its bank accounts. The Group has therefore turned to bitcoin as a means to raise funds for its activities. (Nasdaq)
#EndSARS protesters are demanding the dismantling of the Special Anti-Robbery Squad (SARS) police unit.
This unit has often been accused of the use of force, torture, and brutality.
On Sunday evening, according to ALJAZEERA, thousands of Nigerians assembled to pay homage to people killed at the hands of the SARS.
Meanwhile, the BBC reported that rights group Amnesty International has raised concerns about “escalating violence” in Nigeria against the #EndSars protest movement. Apparently, armed thugs had attacked protesters at the headquarters of the central bank in the capital, Abuja.
However, the Feminist Coalition Group has lent its support to the protest movement. It provides food, water, and other refreshments, masks, medical aid, security, information, and legal aid for protesters.
#EndSars: Bank accounts frozen
The group then posted a notice on its site asking for donations via bitcoin.
Donors were asked to use BTC Pay Server, a self-hosted, open-source cryptocurrency payment processor. The group said the payment processor is secure, private, censorship-resistant, and free.
According to BlockNews Africa, the Feminist Coalition Group also tweeted its bitcoin address:
“If you still want to donate here’s our BTC address: 1CWdxSTKang1toEv2an1AY3z8cuwiapyno#SARSMUSTEND https://t.co/oE1FNGmbfg
— feministcoalition (@feminist_co) October 13, 2020”
Bitcoin use cases
Bitcoin is finding increasing adoption in countries such as Venezuela and Turkey where economic systems are in disarray due to hyperinflation and mismanagement.
In Turkey, the people have begun to realize the benefits of bitcoin given the country’s 37% rate of inflation and the sharp diminution in the value of the lira currency.
Similar to #EndSARS, bitcoin has also played a supportive role in anti-government protests such as in Hong Kong, and a movement in Chile.
Because bitcoin is trustless, pseudonymous, and decentralized, it is outside the control of the authorities that seek to stifle protests by choking off their legitimate funding sources such as bank and fintech accounts.
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