Wikimedia Foundation shutters BitPay account halting crypto donations
The Wikimedia Foundation decided it has had enough of crypto as 71% decided to ban all digital asset donations and to close its BitPay account. The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback.The decision to end crypto donations was made after 232 members, or 71% of the Wikimedia Foundation (WMF) community voted in favor of a Jan. 10 proposal that cited energy consumption, ease of use for sanctioned individuals, exposure to crypto scams, and environmental....
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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....
San Francisco-based Wikimedia Foundation - the entity behind Wikipedia - may just be thinking about accepting bitcoin donations. That's according to a posting on the website, in which the VP of Engineering and Product Development Erik Möller notes that the organization's fundraising team will look into the matter and make a "decision that should be made purely on cost/benefit grounds". Möller himself doesn't seem keen on the idea of bitcoin, even going so far as to say that "[Wikimedia] might not actually get a; donation total that makes this worth [their] time." Möller feels that bitcoin....
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....
The Wikimedia Foundation is now accepting bitcoin donations, according to a newly-published blog post on Wednesday. The news comes several months following the Foundation - which runs the web's most popular encyclopedia, Wikipedia - was mulling bitcoin acceptance, but was said to have reservations. Wikimedia Chairman Jimmy Wales has previously expressed interest in this digital currency, and he even accidentally started a fundraiser for the organization, collecting a sum of ten bitcoins in a short period of time. Lisa Gruwell, the Foundation's Chief Revenue Officer, writes: We're fortunate....
Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the Wikimedia Foundation’s commitment to environmental sustainability.”
Proposal Claims Cryptocurrencies May Not Align With the Wikimedia Foundation
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