Wikipedia Raises $140k in First Week of Bitcoin Donations
The Wikimedia Foundation, the non-profit that owns and curates noted online encyclopedia Wikipedia, has received more than $140,000 in bitcoin donations since it began accepting contributions in the digital currency last week. The news follows the announcement of the organization's partnership with California-based payments processor Coinbase to accept bitcoin on 30th July, a development that was widely seen as a validation of bitcoin's potential to impact non-profit fundraising. Coinbase revealed the fundraising milestone in a new blog post, saying that the $140,000 - an amount worth....
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The Wikimedia Foundation has soaked up 140k in bitcoin donations since announcing accepting the cryptocurrency last week. The Wikimedia Foundation has soaked up $140k in bitcoin donations since accepting bitcoin donations last week. After some delay, it seems that the decision has paid off. The renowned public domain imaging site announced its partnership with Coinbase to accept bitcoins last week. It took a surprisingly long time for Wikimedia to warm up to donations considering founder Jimmy Wales' explicit curiosity, the obvious convenience in accepting a fee-free payment method, and....
It continually baffles me day after day that Wikipedia, a students' lifesaver and a mainstay in our modern day age, has not started accepting Bitcoin for donations. Bitcoin Blogger recently posted a response received from the Wikimedia Foundation about Bitcoin donation acceptance, the relevant contents of which are shown below, with my own added italicization. The Wikimedia Foundation, as a donor-driven organization, has a fiduciary duty to be responsible and prudent with its money. The Foundation does not currently accept Bitcoin or other currencies not backed by the full faith and credit....
Wikipedia has decided to stop accepting cryptocurrency donations after eight years of doing so. The decision is based on the request by the Wikimedia community citing “issues of environmental sustainability” as a key reason. Wikipedia Discontinues Accepting Bitcoin, Crypto Donations Wikimedia Foundation has announced its decision to “discontinue direct acceptance of cryptocurrency as a means of donating.” The foundation began accepting bitcoin in July 2014. “The Wikimedia Foundation is the nonprofit that hosts Wikipedia and our other free knowledge....
A proposal made by the Wikipedia administrator opted for a vote to know if Wikimedia Foundation would still want to receive cryptocurrency donations. The answer to which was a reverberant no. This particular debate over the mentioned proposal has been going on since January and the vote was concluded with around 400 participants. The common […]
The Wikimedia Foundation made big news last week then they publicly announced they would be accepting bitcoin donations, and already they are returning with some big news a week later. In just one week, the Wikimedia Foundation managed to raise $140,000 in bitcoin donations from the community, which has been known for their generous outpouring (and they've also been begging Wikimedia to accept these types of donations for a while). Wikimedia, of course, is the organization that runs Wikipedia, the world's biggest online encyclopedia. This encyclopedia is free to all, and anyone can edit....