The Wikimedia Foundation has stopped accepting cryptocurrency donations

Illustration by Alex Castro / The Verge

The Wikimedia Foundation (WMF), the organization behind Wikipedia, has announced that it will no longer accept donations in cryptocurrency, as first reported by Web3 Is Going Just Great. In an update, the WMF says it “has decided to discontinue direct acceptance of cryptocurrency as a means of donating.” It also says it will close its Bitpay account, preventing any future contributions in crypto.

After a lengthy discussion with almost 400 members of the WMF community, the majority voted to do away with crypto contributions 234 to 94. Some of the main arguments concerned the environmental implications of Bitcoin, the risk of scams, as well as the fact that the WMF gets such a low amount of donations in cryptocurrency compared to other…

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Author: Emma Roth