Set up by former parliamentarian Lord Fusitu'a, the bitcoin wallet address has received about $5,000 in BTC in about 24 hours.
Set up by former parliamentarian Lord Fusitu’a, the bitcoin wallet address has received about $5,000 in BTC in about 24 hours.
As per ex-parliament member Lord Fusitu’a, the island nation is on course to adopt bitcoin as legal tender by November 2022. For now, though, the cryptocurrency is being used to transfer funds to Tonga, which was hit by a Tsunami recently.measuring 1.5 meters triggered by the shockwave hit Tonga during the weekend, inundating homes and roads and damaging communication lines. However, no death has been reported so far.
The shockwave was registered as far away as Alaska and Chennai in a sharp rise and fall of air pressure. The booming sound was reportedly heard as far as New Zealand that lies about 2,500 km from Tonga.claimed that most communications lines could be down for up to two weeks. Nevertheless, Tonga also made the news on the crypto front.
The tiny island nation in the Tasman Sea of the South Pacific Ocean is accepting bitcoin donations in the aftermath of Saturday’s volcanic shockwave that caused the tsunami.setting up a bitcoin wallet address to collect relief funds and help Tonga deal with the crisis. Tonga’s ex-parliament member Lord Fusitu’a, who said a few days ago that the island nation was on course to adopt bitcoin as a legal tender, set up a bitcoin wallet address to receive donations from crypto holders. As of writing these lines, the wallet has received approximately $5,000 in BTC donations in less than 24 hours.
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