The Wikimedia Foundation decided it has had enough of crypto as 71% decided to ban all digital asset donations and to close its BitPay account.
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.These issues raised concerns about how accepting crypto could damage the foundation’s reputation in the long run. Wikipedia is an open-source online encyclopedia and BitPay is a crypto payment service it used as a partner. In a May 1 update to the original proposal from the WMF, Chief Advancement Officer Lisa
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