this post was submitted on 11 Jan 2025
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I've know some local orgs that could absolutely make use of a shared bank account for accepting and dispersing donations for mutual aid. The problem is these orgs are far too small to incorporate into a legal entity, have a stable mailing address, or even an official phone number. Only thing that's stable is an email address.

Most common solution I've seen is one person just has all the money. They setup a PayPal account and are responsible for receiving and dispersing all funds. This obviously isn't very secure. First there is the obvious risk of embezzlement. But assuming you've picked a trustworthy comrade, they're now more exposed and there's severe consequences if something happens to them. Like if this person is running a bail fund they might get hit with bs RICO charges and you lose all your donations.

I've tried to setup a PayPal using a google voice number but PayPal seems to recognize and block that. Crypto is supposed to address this issue but we still need dollars in and dollars out so that might be more complicated than worthwhile.

Any ideas or experience with this issue?

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[–] RedWizard@hexbear.net 4 points 2 months ago

School me on monero. I know almost nothing about it. What makes it the right crypto for this application in your mind?

I'm familiar with the workings of the underlying tech generally if that helps.