Why did wikipedia stop accepting donations in cryptocurrency?

Wikimedia Foundation–the non-profit organisation that runs Wikipedia– has decided to stop accepting donations in cryptocurrency, citing the impact cryptocurrencies such as Bitcoin and Ethereum have on the environment.

What cryptocurrencies does Wikimedia accept?

Wikimedia accepts bitcoin, bitcoin cash, and ether via BitPay. White singled out bitcoin and ether’s need for enormous amounts of energy, while noting that there are other “eco-friendlier” cryptocurrencies, although they are less widely used.

What payment methods does the Wikimedia Foundation accept?

The Wikimedia Foundation currently accepts donations in Bitcoin, Bitcoin Cash and Ethereum, as well as traditional payment types. According to the community, crypto is one of the foundation's smallest revenue channels, making up a mere .08 percent of 2021 revenue, equating to $130,100.

How much money does a crypto Foundation receive?

The foundation received crypto donations worth about $130,000 in the most recent fiscal year—less than 0.1 percent of the foundation's revenue, which topped $150 million last year. Debate on the proposal has raged over the last three months.