untitled design

Wikipedia will no longer accept donations in cryptocurrencies

The Wikimedia Foundation, which owns Wikipedia, has issued a statement stating that it will stop accepting donations in cryptocurrencies.

Wikipedia will no longer accept donations in cryptocurrencies

The Wikimedia Foundation has been accepting donations in cryptocurrencies since 2014, including Bittroin, Bitcoin Cash, Ethereum, Ripple (XRP), Litecoin, Dogecoin, DAI, and USDC. However, such donations represented a small portion of the non-profit’s income—only $130,000 worth of cryptocurrency donations were received in the most recent fiscal year, accounting for 0.08% of total income.

The Wikimedia Foundation has decided to stop directly accepting cryptocurrencies as a means of donation. We started direct cryptocurrency adoption in 2014 based on requests from our volunteers and donor communities. We’re making this decision based on recent feedback from those same communities. In particular, we will close our Bitpay account, which will make it impossible for us to directly accept cryptocurrency as a donation method.

We will continue to monitor this issue and would appreciate feedback and attention to this evolving issue from the people of the Wikimedia movement. We will remain flexible and responsive to the needs of volunteers and donors.

The decision was made during a recent vote, where 29% of the participants voted for the cryptocurrency.

Source: ixbt

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular