Due to popular demand, the Tor Project announced today that henceforth, the organization will be accepting bitcoin donations. The project says the decision was reached after “careful consideration and research”.
To make it work, Tor is partnering up with BitPay, which will then make it easier for them to convert the cryptocurrency to fiat.
Our decision to accept bitcoins has been well thought out and researched from a financial accounting perspective with an eye on passing our required annual A-133 audit. We believe we are the first US 501(c)3 non-profit organization to test acceptance of bitcoins and attempt to pass the US Government A-133 Audit Standard.
Tor allows internet users to use the internet anonymously using nodes all over the world that hide the user’s actual identity. You can read more about the Tor network here.