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Wikipedia shuts down crypto donation feature under pressure from the community

The parent company of the world’s largest open-source online encyclopedia is closing the book on accepting crypto assets as donations.
In a long page documenting the process of debate and voting in its community, Wikipedia announces that it asks the Wikimedia Foundation not to make donations in the form of cryptocurrencies accept more.

According to Wikipedia, almost 400 users took part in the debate process, which lasted between mid-January and mid-April. The overall vote among incumbent users was 232 to 94, meaning that 71.17% chose to stop accepting digital assets

Key arguments in favor of the measure, which would end further acceptance of crypto donations, include de facto advocacy for virtual assets and environmental concerns.

The original proposal bills cryptocurrencies as “extremely risky investments” that have only recently gained popularity among retailers, and says that if they accept them, Wikipedia will “make the use of investments and technologies that are predatory in nature consistent.” would”.

Opponents of the measure cited proof-of-stake alternatives to address environmental concerns and the ability of digital assets to enable participation by citizens of oppressive nations.

Wikipedia editor Molly White confirmed the decision to stop accepting crypto donations via Twitter.

“The Wikimedia Foundation has decided to stop accepting cryptocurrency donations.

The decision was made based on a community request that the Wikimedia Foundation no longer accepts crypto donations, which emerged from a three-month discussion that ended earlier this month.”

Prior to the vote, Wikimedia had accepted a number of different crypto assets through BitPay, including Bitcoin (BTC). Ethereum (ETH) and Bitcoin Cash (BCH).
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Source: Crypto News Deutsch

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