Wikipedia Officially Stops Accepting Cryptocurrency Donations

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2022-05-02 18:34 (UTC+8)

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Cryptocurrency donations were worth $130,000 last year, accounting for just 0.08% of total donations.

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Cryptocurrency donations were worth $130,000 last year, accounting for just 0.08% of total donations.

This article comes fromDecrypt, original author: Kate Irwin

Odaily Translator |

This article comes from

, original author: Kate Irwin

Odaily Translator |After three months of debate among some community members over the pros and cons of cryptocurrency donations, the Wikimedia Foundation (WMF), the organization behind Wikipedia, will no longer accept any bitcoins. Donate in cash or Ethereum.

The news came shortly after the foundation conducted a poll in which more than 70 percent of respondents said they wanted to stop all cryptocurrency donations.

The foundation said in a statement

, “The Wikimedia Foundation has decided to stop accepting cryptocurrency donations directly... We made this decision based on recent feedback from the (volunteer and donor) community.”The foundation began accepting bitcoin donations in 2014. At the time, it argued that adding bitcoin as a donation option would help make donating to the Wikimedia Foundation "as easy and inclusive as possible." Wikipedia has always placed great emphasis on being a global platform and currently supports content in 326 different languages.The foundation initially partnered with Coinbase to accept donations in bitcoin, before moving to partner with crypto payment provider BitPay to facilitate donations in other cryptocurrencies. Today, the foundation says it will close its BitPay account to eliminate direct donations in cryptocurrencies.

But before announcing that it would stop accepting cryptocurrency donations, Wikipedia did not receive many cryptocurrencies. In 2021, the Wikimedia Foundation will only receive cryptocurrency from 347 donors. Wikimedia Foundation Community Relations Specialist

Julia Brungs wrote

, cryptocurrency donations (worth $130,100.94) accounted for just 0.08% of the foundation’s revenue last year, and the foundation has never “held cryptocurrency.”

Brungs wrote in January, “During the last fiscal year, the most used cryptocurrency (donations) was Bitcoin. We never held cryptocurrency and immediately converted donations to fiat currency (USD) every day. would have a significant impact on the environment."

When the debate over cryptocurrency donations began in January, software engineer and Wikipedia editor Molly White found that only 400 community members had participated in the discussion.