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Wikipedia will stop accepting cryptocurrency subscriptions at the request of users

Wikipedia will stop accepting cryptocurrency subscriptions at the request of users

three months ago Wikipedia user community the platform asked stop accepting donations in cryptocurrency. The causes of users are related to environmental concerns (it is well known that there are users who “mined” cryptocurrencies using a large number of energy – consuming computers) and, by accepting payments in digital currency, Wikipedia legitimized a system that still contains scams and deception.

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The discussion began ia application page of the community within Wikipedia that was active from January 10 to April 12, 2022 and in which about 400 users participated. The page explains the arguments for and against of the platform accepting payments in cryptocurrency:

“Common arguments in favor include: environmental sustainability issues, the acceptance of cryptocurrency as an implicit endorsement of cryptocurrency issues, and community issues with a reputational risk to the cryptocurrency adoption movement. Common arguments against include: cryptocurrencies that consume less power (proof of bet), that cryptocurrencies provide safer ways to donate and participate in oppressive countries, and that fiat currencies also have problems with sustainability environmental “.

Wikipedia started at subscriptions in cryptocurrency were accepted in 2014through currencies such as Bitcoin, Dogecoin, Ether Y litecoin. Depending on the location Web3 is doing great only 0.08% of the subscriptions received by the platform were made in cryptocurrency.

Then official statement The platform explains: “The Wikimedia Foundation has decided to suspend direct acceptance of cryptocurrencies as a method of donation. We began our direct adoption of cryptocurrencies in 2014 based on requests from our volunteer and donor communities. We are making this decision based on recent feedback from those same communities. Specifically, we will close our Bitpay account, which will affect our ability to accept crypto directly as a donation method.

“We will continue to monitor this issue and we will be grateful for the feedback and reflections of people across the Wikimedia movement on this emerging issue. We will continue to be flexible and responsive to the needs of volunteers and donors. Thanks again to everyone who provided valuable insights into this increasingly complex and evolving subject. ”

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