The upcoming July Fourth holiday means that it’s a well-deserved short week here at Launcht, but that doesn’t mean we’re taking our eyes off of the crowdfunding newswires. Here are a pair of storylines that have been getting press over the past few days. Whether you’re headed to a sunny beach for the holiday or to your mother-in-law’s backyard barbecue, you can feel good about staying up to date on the latest developments in crowdfunding.
PayPal Freezes Popular Crowdfunding Campaign
While PayPal offered a cryptic explanation for their actions, media outlets have been critical of the payment processor’s off-and-on relationship with the crowdfunding community, which has involved countless incidents of campaign-freezing that critics decry as inconsistent enforcement.
Launcht works with PayPal competitor WePay as our payment processor of choice. We have long felt that WePay not only has a superior payment API for crowdfunding, but also understands the crowdfunding industry better than PayPal does.
Civic Crowdfunding in the Headlines
Civic crowdfunding has been getting some press recently as a potential remedy to funding shortfalls for community works. Many of these headlines revolved around The Civic Crowdfunding Project, a two-year study on the effects of civic crowdfunding conducted by MIT.
While civic crowdfunding isn’t exactly a new idea, the number of individual community-focused platforms springing up on the web — and the number of campaigns that these platforms attract — has reached a peak over the past several months.
If you’re interested in learning more about launching a civic crowdfunding platform, take a look at white-label software from Launcht.