Human Rights Foundation will allocate money to develop confidential solutions for BTC

The Human Rights Foundation (HRF) has launched a new fund, the purpose of which will be to support developers of private projects onBitcoin blockchain.

American nonprofit organization thatprotects the rights of people around the world, spoke about a new initiative in a press release. According to the release, the fund launched this project in order to “serve as a financial instrument for human rights defenders, civil society organizations and journalists around the world.”

The Foundation also awarded a grant to Chris Belcher – to an English developer who is working on the CoinSwap transaction anonymization tool. According to the announcement, the foundation will soon issue a second grant.

HRF is also planning a crowdfundingcampaign. 95% of the funds raised will go to sponsor the work of the developers, and the remaining 5% will be used to support the work of the Human Rights Foundation. 

The CEO of the organization, Alex Gladstein, said:

Journalists and human rights advocates around the worldare increasingly facing financial repression – their accounts are frozen, their transactions are heavily monitored, and it is much more difficult for them to receive donations. Bitcoin and other privacy-focused projects can be powerful tools to support their continued work.

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Based on materialswww.theblockcrypto.com