Wikimedia Foundation gets over $140,000 in bitcoin donations during first week

Wikimedia Foundation has received over $140,000 worth of bitcoins within a week of accepting them for donations. This represents one of the largest amounts amassed by any entity launching Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term acceptance within such a period.

Coinbase, which is providing the integration support, notes the appropriateness of the partnership. Wikimedia Foundation, primarily through its flagship online encyclopedia service Wikipedia, is in essence decentralizing the world of information by making it accessible to everyone over the web. Bitcoin too seeks to decentralize the world of finance, restoring the function of monetary transfer to individuals and cutting out the roles of centralized authority and financial institutions.

This was the main argument in favor of their accepting of Bitcoin for donations during the months of debate that ensued on the issue. Opposed were those who felt that such a move would further fuel what they believed was a cryptocurrency price bubble, compromising the community's ideal of neutrality. Some were also concerned about the costs of such an integration and how this would bite into net gains. This is most likely a non-issue now that they've partnered with a 3rd party providing a low cost, out-of-the box solution.

Some had threatened that they would only donate to Wikipedia with bitcoins. Perhaps the resounding success during the first week stems from what has been accumulating for months or even years.