The Wikimedia Foundation, a nonprofit organization that develops the Wikipedia project and several others, has stopped accepting donations in cryptocurrency. This decision was made based on feedback received from the community.
The foundation began accepting bitcoins in July 2014 to make donations “as simple and inclusive as possible.” Initially they were processed through the Coinbase exchange, followed by an agreement with BitPay. In addition, Ethereum and Bitcoin Cash were added to the list of available cryptocurrencies.
Earlier this month, Wikipedia editors voted overwhelmingly to suspend cryptocurrency donations. The reason was that proof-of-work (PoW) bitcoin and etherium pose a threat to environmental sustainability.
The proposal also argued that approving extremely risky investments poses a reputational risk to the fund.
Cryptocurrency donations accounted for only 0.08% of total donations in 2021, so the ban would have little impact. It is possible that cryptodonates will reappear in the future, because the foundation “will continue to monitor this issue.”
The Mozilla Foundation, which suspended cryptocurrency donations in early 2022 due to negative reactions, decided to resume them in April. However, it will only accept environmentally friendly proof-of-stake (PoS) cryptocurrencies.