The power of cryptocurrency payment service providers is under the spotlight after a $100,000 donation to an Amazon (NASDAQ:AMZN) rainforest charity was blocked last month. American cryptocurrency payment service provider BitPay reportedly blocked a Bitcoin payment from charity organization Amazon Watch because it had failed the internal processes of the payment platform.
It is understood that the charity’s pay limit was set below $100,000 before BitPay advised its staff to change it. The process then came to a halt, as the limit could not be changed automatically without separate documentation.