Skip to main content

Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay

Wikipedia Now Accepting Bitcoin Cash Donations via Bitpay

Users from all over the world can now support the widely popular free encyclopedia Wikipedia with bitcoin cash donations via Bitpay. The non-profit model and global nature of the organization means it has to find a universal and cost-effective payment solution, and cryptocurrencies are an obvious choice.   

Also Read: Blockchain.com Launches New Educational Resource With BCH Report

Accepting Bitcoin Cash Is a Natural Step

The Wikimedia Foundation, the nonprofit that operates Wikipedia and similar free knowledge projects, has partnered with Bitpay, the popular cryptocurrency payment processor, to accept bitcoin cash (BCH) and bitcoin core (BTC) donations. The Wikimedia Foundation has already been accepting BTC since 2014 via Coinbase but recently switched payment processors to Bitpay and used this opportunity to expand into accepting BCH.

Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay

“Our donors have shown an increased interest for different cryptocurrencies, so accepting bitcoin cash was a natural next step,” said Pats Pena, director of payments and operations at Wikimedia Foundation. “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.”

Cheapest Payment Options Available

Bitpay works with many large non-profits to allow them to accept cryptocurrency donations. The company reports that donations have increased dramatically in the last couple of years, especially at the end of the year as people look for tax benefits. The service has reportedly processed several multi-million dollar donations to non-profits in the recent past and expects that to continue in 2019.

“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,” said Sonny Singh, Bitpay chief commercial officer.

Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay

Bitpay recently reported strong performance for 2018. During the year, the service processed over $1 billion in payments for a second year and set a new record for transaction fee revenue by adding new customers. The company’s B2B operation also had a record year as it grew almost 255 percent from 2017.

What do you think about Wikipedia accepting BCH donations via Bitpay? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay appeared first on Bitcoin News.



from Bitcoin News http://bit.ly/2HHDYBd
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more