Crypto donations will no longer be accepted by the Wikimedia Foundation

The Wikimedia Foundation (WMF), which maintains the online encyclopedia Wikipedia, has stated that it will no longer accept bitcoin donations.

The decision came after a poll on April 12 in which more than 70% of the community opted to “discontinue direct acceptance of cryptocurrencies as a method of donation.”

Concerns about the proof-of-work process’s environmental sustainability, price volatility. The.n, and the WMF’s potential reputational loss led to the decision to stop accepting bitcoin donations.

The Wikimedia community consists of editors and other contributors to the free encyclopedia. Of course, who are also involved in the foundation’s governance.

In response to community requests, the WMF began taking crypto donations in 2014. Thereby, eventually accepting Bitcoin, Ether, Ripple, Dogecoin, and stablecoins.

In the previous fiscal year, the charity received $130,000 in cryptocurrency donations, accounting for 0.08 percent of overall donations.

Related Posts – AMC Theatres Explores Accepting Dogecoin, CEO Sees Awing DOGE Poll Results