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Nairametrics
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Home Markets Cryptos

#EndSARS Nigerian Rights group switch to Crypto

Olumide Adesina by Olumide Adesina
October 20, 2020
in Cryptos, Socio Economic
#EndSARS Nigerian Rights group switch to Crypto
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Nigerian millennials in the past few weeks have taken to the streets in unprecedented numbers, kicking against the abuse done by a significant number of law enforcement officers, most specifically, the disbanded Special Anti-robbery Squad (SARS).

As the protest rages on, various rights groups have set up funds to provide participants, support, while they glamour for the long-overdue reforms.

READ: #EndSARS protest: Lagos loses N234 million to tollgates closure

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Feminist Coalition, recently gave reasons why it’s now switching to crypto. The group said;

“We’re moving to only accepting donations in Bitcoin using BTC Pay. BTC Pay is a free, secure, decentralized, and censorship-resistant platform, which makes it our best option, given the past few days #EndPoliceBrutalityinNigeria. Please donate here: https://donatebtc.feministcoalition2020.com”

READ: President Buhari signs amended Companies Allied Matters bill

We're moving to only accepting donations in Bitcoin using BTC Pay. BTC Pay is a free, secure, decentralized and censorship-resistant platform, which makes it our best option, given the past few days #EndPoliceBrutalityinNigeria

Please donate here: https://t.co/FvsEKetUL9

— feministcoalition (@feminist_co) October 15, 2020

The fast-rising Nigerian rights group provides logistics, aid to Nigerians pressing for Police reforms via street protests disclosed they raised about 8 bitcoins valued at over $88,0000 and other cash donations.

All balances
NGN 34,610,019.13
USD 11,474.34
CAD 5,595.89
GBP 5,733.49
EUR 875.42
GHS 1,256.70
KES 53,016.60
BTC 7.82026017

2/2#EndSARS

— feministcoalition (@feminist_co) October 19, 2020

Why this matters

The donations are used in providing medical and legal bills for some Nigerians arrested in recent days, and most importantly to hire private security guards in protecting them against armed gangs, who of late have tried to discredit the theme of the peaceful protests.

READ: Hackers, expose crypto wallets worth $150 million at Kucoin

Another critical macro making many Nigerian millennials use crypto amid protest for reforms is basically because the #EndSARS protests in principle is decentralized. There is no known centralized authority coordinating the protest, and not forgetting, the much advantage cryptos have over fiat currencies are that they are decentralized finance assets, meaning, funds can’t be controlled, blocked or disengaged by any central authority.

Also, crypto donations are very secure, and privacy concerns kept at a minimal level, on the basis you don’t disclose your personal details when making such transfers.

READ: COVID-19: Short-term reforms needed to reduce impacts on the Nigerian economy -NESG

Backstory

Nairametrics had earlier given vital insights on how for years, young Nigerians, mostly via social media, have called for the notorious Police unit to be disbanded and rogue elements in the force brought to justice. Despite repeated promises by the government, they have failed to heed to the demands, triggering a new wave of protests that have now spread across the country.

READ: #EndSARS: President Buhari promises extra-judicial killings investigations, Police reform


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Tags: #EndSARSBTC PaycryptoFeminist CoalitionNigeria News
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 4

  1. anon says:
    October 20, 2020 at 8:32 am

    This is stale news

    Reply
  2. Kayode Olaitan says:
    October 21, 2020 at 7:22 am

    President Buhari always promise that perpetrators of heinous crimes will be brought to justice in all the uncountable attacks and killings by herdsmen who attacked in several communities across the country, but so far no one has yet been arrested for the genocide nor successfully prosecuted to the best of my knowledge.

    Now Lagos state government has deployed lethal force on the unarmed protesters at Lekki toll gate, killing many of them. Is that the way to end police brutality?

    Reply
  3. Anonymous says:
    October 22, 2020 at 3:07 am

    I willfind way to contribute funds. Endsarsnow can request of Nigerian government that no more correspondence banking in Nigeria. Banks should get independent SWIFT CODES or seize to exist. Its part of the corruption

    Reply
  4. Mr E.D.A says:
    October 22, 2020 at 8:47 am

    I think they are the ones who thought Sars operatives to be Dirty just look at peaceful protest the next thing is giving order shooting on protesters who are not armed.These so called businessmen who call themselves politicians need to hanged. Our money is used to buy guns to kill us.

    Reply

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