Aug 7th, 2014

Wikimedia Foundation Receives More Than $140,000 in Bitcoin Donations in First Week

Since it was founded in 2001, Wikipedia has provided tremendous value to the world by making it easy and free for anyone with an Internet connection to consume information. We were particularly excited to enable the Wikimedia Foundation to accept bitcoin donations because we feel that the decentralized, inclusive nature of Wikipedia is well aligned with Bitcoin and we wanted to help the Bitcoin community contribute to the democratization of information.

Today, we are thrilled to announce that in the first week of accepting bitcoin, the Wikimedia Foundation has received over $140,000 in bitcoin donations.

Wikipedia is run by a non-profit organization and has been able to operate ad-free because of the generosity of donors from across the world.  For donors worldwide, bitcoin is a convenient donation method that ensures 100% of donated funds go to the cause. Donors can also enjoy significant tax benefits by donating bitcoin. As inspiring non-profits such as the Wikimedia Foundation continue to adopt bitcoin as a payment method, we look forward to seeing you and the community show strong support as well.

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    The global availability, lower transaction costs and the ability to aggregate very small contributions lead me to...
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