Wikipedia now accepts donations in Bitcoin

The world’s encyclopedia Wikipedia, a decentralized community powered information database and crowd-funding pioneer has begun to accept 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 as a form of payment for donations.

Wikipedia, a part of the Wikimedia foundation, has partnered with Bitcoin PSP Coinbase to drive the payment processing aspect of the new donation options. Coinbase took the opportunity to announce its will be waiving all fess for non-profit organizations like Wikimedia.

The new official support comes after co-founder Jimmy Wales inadvertently stared a Bitcoin fundraising campaign this last march after opening a personal Coinbase wallet and sharing the address on social media. According to Wales all the funds transferred to the wallet were converted to FIAT and transferred to the Wikimedia Foundation.

“I’m planning to re-open the conversation with the Wikimedia Foundation Board of Directors at our next meeting (and before, by email) about whether Wikimedia should accept Bitcoin,” said Wales during a Reddit AMA

The payment option will join other conventional forms of tender. According to both Wikimedia and Coinbase, all donations will automatically be converted in to USD so donations are not phased by Bitcoin’s Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.

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