Wikipedia has decided to stop accepting cryptocurrency donations after eight years. The decision is based on a request from the Wikimedia community, which cites “environmental sustainability issues” as the main reason.

Wikipedia is no longer accepting Bitcoin and crypto donations

The Wikimedia Foundation has announced its decision to “stop accepting cryptocurrency directly as a fundraising tool.” The Foundation began accepting Bitcoin in July 2014.

“The Wikimedia Foundation is the nonprofit organization that hosts Wikipedia and our other free knowledge projects,” the website states. Wikipedia is a free online encyclopedia with over 200,000 volunteer contributors, according to the foundation.

The organization posted an update on its Wikipedia page on May 1 stating:

We started directly accepting cryptocurrencies in 2014 based on requests from our volunteers and donor communities. We make this decision based on recent feedback from the same communities.

“Specifically, we will be closing our Bitpay account, which will make us unable to directly accept cryptocurrencies as a donation method,” the update continues.

Molly White, editor at Wikipedia, explained on Sunday that the decision emerged from a three-month discussion that she started on January 10. The discussion ended on April 12th. Accounts created for discussion only (mainly to try to influence the RfC [Request for Comments] against this request),” she noted.

The page asking for comments from the Wikimedia community explains that common arguments for stopping accepting crypto donations include “issues of environmental sustainability, that accepting cryptocurrencies is an implicit endorsement of the issues surrounding cryptocurrencies, and community Issues with the risk to the reputation of the cryptocurrency adoption movement are .”

On the other hand, common arguments against stopping accepting crypto donations include “the existence of less energy-intensive cryptocurrencies (proof-of-stake), that cryptocurrencies offer safer ways for people in repressive countries to donate and engage in finance , and that fiat currencies also have environmental sustainability issues.”

After the results:

Excluding new accounts and unregistered users, the balance is 232 to 94 or 71.17% in support of the proposal… Therefore, the Wikimedia community calls on the Wikimedia Foundation to stop accepting cryptocurrency donations.

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Bitcoin, Crypto, Cryptocurrency, WikiMedia, Wikimedia Bitcoin Donations, Wikimedia Foundation, Wikipedia, Wikipedia Bitcoin Donations, Wikipedia Bitpay, Wikipedia Crypto Donations, Wikipedia Cryptocurrency Donations

What do you think of Wikipedia no longer accepting crypto donations? Let us know in the comment section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economics and cryptography.

photo credit: Shutterstock, Pixabay, WikiCommons

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