wikipedia donation bitcoin

The Wikimedia Foundation, a non-profit organization behind Wikipedia, has started accepting Bitcoin Cash (BCH) cryptocurrency through BitPay. This is the second cryptocurrency that Wikipedia is accepting for donation. The only crypto it accepted earlier was Bitcoin (BTC).

Donate Wikipedia in Bitcoin Cash via BitPay Blockchain Payment Provider

The Atlanta-based BitPay blockchain payment provider, in a recent press release, has said:

“All of the Wikimedia Foundation’s work is driven by its vision to create a world in which everyone can freely share in the sum of all knowledge. Accepting payments globally is difficult due to the fractured payments ecosystem and a multitude of payment options.”

Reports say BitPay is the naturally preferred payment provider for cryptos by Wikipedia and the parent organization Wikimedia Foundation because the payment provider has been working with multiple non-profit organizations for quite some time now. This blockchain payment provider is helping non-profit organizations in receiving donations in terms of cryptocurrencies. In fact, this approach has also helped these non-profit organizations to increase the donation pool.  

BitPay has said that they have till now processed multi-million dollar donations. The payment provider has acknowledged the fact that once the non-profit organizations started accepting, their donations have also increased on a year-on-year basis. During the end of the year in 2018, the donation amount peaked up. This is simply because the donors wanted to get tax benefits through their donation.

Wikimedia Foundation’s Director of Payments and Operations, Pats Pena, has reportedly said:

“Our donors have shown an increased interest for different cryptocurrencies, so accepting Bitcoin Cash was a natural next step. We accept donations globally, and we strive to provide a large variety of donation options. It’s very important that we can get international donations processed in ways that are efficient and cost-effective.”

BitPay’s Chief Commercial Officer, Sonny Singh, has said:

“Bitcoin and Bitcoin Cash are one of the cheapest payment options available so more money goes to charity rather than paying fees. Wikimedia does so much good around the world that it is a privilege to help them raise money.”

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