After Wikipedia editors voted cryptocurrency out of donation options last month, the Wikimedia Foundation (WMF) has confirmed it will no longer accept Bitcoin or other forms of cryptocurrency, The Verge reports. believe.
Wikimedia will also close its Bitpay account to prevent any future donations as part of the above decision.
"Wikimedia Foundation decided to stop directly accepting cryptocurrencies as a means of donation. We started accepting cryptocurrencies directly in 2014 based on requests from volunteers and the donor community. I made this decision based on recent feedback from those same communities.Specifically, we will be closing our Bitpay account, which will remove the ability to directly accept cryptocurrencies as a method. donation," WMF wrote in an update.
“We will continue to monitor this issue and appreciate the feedback and consideration given by those in the Wikimedia movement to this evolving issue. We will remain flexible and responsive to the needs of our volunteers,” the foundation added.
Wikipedia editor GorillaWarefare (aka Molly White) has suggested the fund stop accepting cryptocurrencies, calling them an "extremely risky investment". She also pointed out that cryptocurrency may not be in line with the foundation's commitment to environmental sustainability, as the annual production of cryptocurrencies uses a lot of energy. White also cited the Mozilla Foundation's change in its decision to accept Bitcoin following backlash from users.
Wikimedia welcomed requests for comment on the GorillaWarfare proposal, with 232 votes in favor and 94 against. WMF said it will consider all of that before making a final decision.
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