Wikipedia foregoes crypto donations

Wikipedia’s parent company, Wikimedia, has become the latest not-for-profit to forego bitcoin (BTC) and cryptocurrency donations.

The online encyclopedia initiated a debate on the topic, with 400 community members invited to join the discussion.

Many voices have argued that accepting donations in this form effectively validates the issues surrounding cryptocurrencies to begin with. This harsh judgement resonated with many of the editors.

Some opponents argued that the environmental factor was overplayed and that cryptocurrencies were still viable, as there are “less energy efficient options out there”.

It has taken four months, but Wikimedia will no longer accept these forms of contributions.

The good news is that Wikimedia is unlikely to see its donations fall dramatically. In 2021, the company reported $130,100.94 in crypto donations, which is just 0.08% of the amount donated to Wikimedia in total.

Speaking to The Verge, software engineer Molly White who spearheaded the opposition to crypto donations said she was happy with what had been achieved.

She congratulated fellow community members who have shared her issue with cryptocurrencies and chose, in her opinion, to retain the company’s integrity.

“The Wikimedia Foundation has decided to discontinue direct acceptance of cryptocurrency as a means of donating. We began our direct acceptance of cryptocurrency in 2014 based on requests from our volunteers and donor communities”, a statement from the company read.

No matter where Wikimedia stands on crypto donations, you can still use crypto to play at your favorite crypto casinos, including 1xBit, FortuneJack or Bitcasino.io.

Source

Updated: 05/04/2022 — 09:00