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The Wikimedia Foundation won’t accept crypto donations anymore

by Steve Dent
May 2, 2022
in Technology
Reading Time: 2 mins read
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After Wikipedia editors voted to drop cryptocurrency as a donation choice final month, the Wikimedia Basis has confirmed that it’ll now not settle for Bitcoin or different types of crypto, The Verge reported. As a part of that call, it is closing its Bitpay account to forestall any future donations. 

“The Wikimedia Basis has determined to discontinue direct acceptance of cryptocurrency as a method of donating. We started our direct acceptance of cryptocurrency in 2014 based mostly on requests from our volunteers and donor communities. We’re making this choice based mostly on current suggestions from those self same communities. Particularly, we will likely be closing our Bitpay account, which is able to take away our skill to instantly settle for cryptocurrency as a technique of donating,” the WMF wrote in an replace. 

“We’ll proceed to watch this problem, and respect the suggestions and consideration given to this evolving matter by individuals throughout the Wikimedia motion. We’ll stay versatile and attentive to the wants of volunteers,” it added. 

Wikipedia editor GorillaWarefare (aka Molly White) wrote a proposal for the muse to cease accepting cryptocurrencies, calling them “extraordinarily dangerous investments.” She additionally identified that they might not align with the muse’s dedication to environmental sustainability, as annual crypto manufacturing makes use of extra power than whole international locations. White additionally cited the Mozilla Basis’s change of coronary heart in its choice to simply accept Bitcoin after going through a heavy backlash from customers. 

Wikimedia welcomed requests for feedback (RfC) to GorillaWarfare’s proposal, with 232 voting in favor of it and 94 in opposition to. The WMF stated it could take all that under consideration earlier than making a closing choice. “I’m actually pleased with my neighborhood for making what I really feel was the moral choice after a whole lot of considerate dialogue,” White advised The Verge in a press release. “There are simply too many points with crypto for any potential donation income to be value the price of serving to to legitimize it.”

All merchandise advisable by Engadget are chosen by our editorial staff, impartial of our father or mother firm. A few of our tales embody affiliate hyperlinks. Should you purchase one thing by means of one in all these hyperlinks, we could earn an affiliate fee.



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Tags: acceptAnymoreCryptoDonationsfoundationWikimediawont
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