The world’s encyclopedia Wikipedia, a decentralized community powered information database and crowd-funding pioneer has begun to accept Bitcoin 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
Stocks to Watch This Week – Expedia Group, IncGo to article >>
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.