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Wikimedia Foundation shutters BitPay account halting crypto donations

05/02/2022

Less than a minute

2022.05.02 13:09

Wikimedia Foundation shutters BitPay account halting crypto donations

The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback.

The decision to end crypto donations was made after 232 members, or 71% of the Wikimedia Foundation (WMF) community voted in favor of a Jan. 10 proposal that cited energy consumption, ease of use for sanctioned individuals, exposure to crypto scams, and environmental sustainability as reasons to stop it.

05/02/2022

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