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Wikipedia Raises $140,000 in First Week of Bitcoin Donations

Thursday 07th, August 2014 / 13:35
Wikipedia Raises $140,000 in First Week of Bitcoin Donations

The Wikimedia Foundation, the non-profit that owns and curates noted online encyclopedia Wikipedia, has received more than $140,000 in bitcoin donations since it began accepting contributions in the digital currency last week.

The news follows the announcement of the organization’s partnership with California-based payments processor Coinbase to accept bitcoin on 30th July, a development that was widely seen as a validation of bitcoin’s potential to impact non-profit fundraising.

Coinbase revealed the fundraising milestone in a 7th August blog post, saying that the $140,000 – an amount worth approximately 237 BTC – is a sign that bitcoin and the open-source site will continue to prove to be a powerful combination.

Continue reading at CoinDesk

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THE BITCOIN MAGAZINE MISSION Bitcoin Magazine is on a mission to be the most accurate and up-to-date source of information, news and commentary about Bitcoin and crypto-currencies. The magazine reaches hundreds of thousands of readers every month by covering current events in business, technology, politics, law and society with a wide variety of viewpoints and opinions from authors and guests in an attempt to provide enlightening commentary that is accessible to new Bitcoin users as well as news and insights the veteran users will find valuable. We desire to work with the Bitcoin community to help support and grow this tremendous technological and financial innovation that empowers each one of us to manage our own economic relations with greater control.

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