Wikimedia Foundation halts accepting donations in crypto

The Wikimedia Foundation (WMF) has announced that it has stopped accepting cryptocurrency as donations. Last year, WMF received around $130,000 in crypto donations. In a statement, the WMF foundation said, "We are making this decision based on recent feedback from those same communities. Specifically, we will be closing our Bitpay account, which will remove our ability to directly accept cryptocurrency as a method of donating.” The organization behind Wikipedia started accepting  Bitcoin, Bitcoin Cash, and Ethereum donations in the year 2014. The foundation told that it will "continue to monitor this issue, and appreciate the feedback and consideration given to this evolving matter by people across the Wikimedia movement".

A Wikipedia editor, Molly White tweeted, "The Wikimedia Foundation has decided to stop accepting cryptocurrency donations. The decision was made based on a community request that the WMF no longer accept crypto donations, which came out of a three-month-long discussion that wrapped up earlier this month (April).” White, proposed the WMF stop accepting cryptocurrency donations in the month of January this year. Last month, Mozilla also decided that they will no longer accept proof-of-work (PoW) cryptocurrencies. However, they said that they will continue to accept proof-of-stake (PoS) ones.