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The nonprofit Wikimedia Foundation, which runs the free encyclopedia Wikipedia, may stop accepting donations in cryptocurrencies by the end of April. 71.7% of the contributors were in favor
The nonprofit Wikimedia Foundation, which runs the free encyclopedia Wikipedia, may stop accepting donations in cryptocurrencies by the end of April. 71.7% of the contributors were in favor of such a decision.
426 people participated in the survey, which was carried out between January 10 and April 12.
As an argument, supporters of the rejection called for support for the risky nature of cryptocurrencies in terms of investment and non-compliance with ESG standards. Community disagreement with this policy is also noted.
“Bitcoin and Ethereum use Proof-of-Work, which consumes a large amount of energy […] current models continue to cause extremely high environmental damage. Although there are “greener” cryptocurrencies, they are not as popular.”says offer.
Wikipedia has been accepting bitcoin donations since 2014. Transfers to Bitcoin Cash and Ethereum are also possible. The organization instantly converts received cryptocurrencies to fiat.
In 2021, the share of digital assets was 0.08% of total revenues ($130,100). Option 347 was used by sponsors.
Recall that in 2019 the United Nations Children’s Fund (UNICEF) created a fund to receive donations in bitcoin and Ethereum.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
