Wikipedia Organization Ceases Accepting Cryptocurrency Donations

Wikipedia Organization Ceases Accepting Cryptocurrency Donations
A mobile device shows Wikipedia's front page displaying a darkened logo in London, England, on Jan. 18, 2012. Peter Macdiarmid/Getty Images
Nicholas Dolinger
Updated:

The Wikimedia Foundation, a non-profit organization that runs Wikipedia and several other “Wiki”-branded online reference tools, announced on May 1 that it would no longer accept donations in the form of cryptocurrency, citing ethical and environmental concerns about the payments using blockchain currencies.

The decision follows from a proposal by longtime Wikipedia editor Molly White, who also runs Web3 Is Going Great, a blog that criticizes cryptocurrencies and identifies scams within the cryptocurrency sphere. In her statement, White claims that cryptocurrency is “inherently predatory” and “extremely risky,” as well as a liability for the climate.