Wikimedia Foundation Now Accepts Bitcoin

We’re fortunate that millions of people all over the world support the work of the Wikimedia Foundation through donations. It has always been important to the Foundation to make sure donating is as simple and inclusive as possible. Currently, we accept 13 different payment methods enabling donations from nearly every country in the world, and today, we’re adding one more: bitcoin.

For those unfamiliar with bitcoin, it’s a relatively new digital currency, currently being accepted by a growing number of institutions and merchants throughout the world. Members of our community have asked the Foundation to start accepting bitcoin. These requests, coupled with recent guidance from the US Internal Revenue Service, encouraged the Foundation to once again review our capacity to accept bitcoin.

During this review, we identified a new way to work around past technical challenges, as well as to minimize the legal risks of accepting bitcoin. Through our work with Coinbase, a bitcoin wallet and payment processor, we’re able to immediately convert bitcoin to U.S. dollars, requiring minimal technical implementation on our end. Since we now also have guidance on how to account for bitcoin, there is a clear understanding of how to legally manage it.

If you are interested in donating bitcoin to the Wikimedia Foundation, you can now do so on our Ways to Give page. Thank you again to all our friends and supporters. Your support enables us to realize the Wikimedia vision – a world in which every single human being can freely share in the sum of all knowledge.

Lisa Gruwell
Chief Revenue Officer, Wikimedia Foundation

2014-07-30: Edited to clarify implementation details

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60 Comments on Wikimedia Foundation Now Accepts Bitcoin

UK Buy Bitcoins 2 weeks

Just donated to the good cause, but late I know but hey, better late than never.

Pushpendra 2 months

Thats good now Wikimedia accepts payment in Bitcoin and it will be easy to make payment for donators. I have worked on Bitcoin payment option and it is really interesting.

Danyzus 2 months

If you want to donate something use real money :-)

multibetorg 3 months

i really interest with bitcoin, at my country cannot use bitcoin.. so sad

JoeySchmoey 3 months

Never donated to wiki before, but I now will in btc.

John Biasutti 4 months

To those that think that Wikipedia is supporting a pyramid scheme just look at what they say that they are doing.

Alice Buys Bitcoins from Bob.
Alice Sends Bitcoins to Wikimedia.
Wikimedia Sells Bitcoins to Coinbase.
Coinbase Sells Bitcoins (possibly to Bob).

The net effect is a transfer of currency from Alice to Wikimedia, and the only difference between them is the identity of the third parties involved.

Those third parties will still take a cut for their trouble, this is one of the reasons that agricultural societies often banned banking and money lending.

totedati 4 months

@Peter Wogenband

wrong! check your facts dude! drug dealers and scammers love uncle sam banknotes! still not convinced?

PGR Y POLICÍA FEDERAL ASEGURAN 205 MILLONES DE DÓLARES, 200 MIL EUROS Y 157 MIL PESOS
http://www.pgr.gob.mx/cmsocial/bol07/mar/b11007.htm

a big pile of uncle sam bills! well, is from 2007, so next may be better:

Australian Crime Commission taskforce seizes $500m in drugs
http://www.abc.net.au/news/2014-01-23/australian-crime-commission-cash-seizures/5214310

in all this examples and countless others i see lots of uncle sam bills and no bitcoins
so, following you flawed logic, should USA ban its own money because is the main vehicle of any and all crimes all around the earth?

and ofcourse, uncle sam green bills is also a very big ponzi piramid scheme also! is THE PIRAMID! look at it, if you still don’t trust me!

Jakub Benda 5 months

Worked well in my case.
Alex, I needed to fill all address entries to pass through the system.

Alex 5 months

I have tried donating, but when I clicked “Next” on the bitcoin donation window yesterday, I got an error “Physical address is invalid”, today I get an error “Physical address requires full name”. Please fix this, looking forward to donate.

Hans Dampf 5 months

Two years too late ;)

Matt Fraser 5 months

@Peter Wogenband – What’s really disappointing is to see such ignorance about a great technology. The fact that the wikimedia foundation has decided to accept bitcoin donations doesn’t affect you in any way, or affect the usefulness of the wonderful services they provide. Unsure why you would decide to stop your donations because of this.

Not to worry though, I’ll donate double to make up for it.

ceric35 5 months

Really good news. Now i can’t send real money with low fees :)

Peter Wogenband 5 months

Really disappointing that Wikimedia is now supporting this pyramid scheme mostly used by drug dealers and scammers.

I will never donate any money again.

zelectron 5 months

Is it the begining of the end ?

wikimediablog 5 months

Admin note: We just relaunched the Wikimedia blog! Comments that were left on this blog post since yesterday will be reimported shortly.

John Baker 5 months

If US law requires the collection of identifying name and address information for donations to nonprofits then the law must be changed! This type of intrusive bullshit has to end. Yes I could fill the form with rubbish but I am tired of lying. I am tired of living in a society that forces its citizens to lie day in and day out for even the most trivial of things like giving a little money to an organization you appreciate. I was looking forward to donating to Wikipedia with Bitcoin but as long as this requirement stands I will not donate to any US nonprofit.

Anne Other. 5 months

Not donating while I cannot donate anonymously.

Seriously, if I want to give you a fiver you want my details. You fail! I could get your bank account details and go and pay the cash in without these details and don’t give me no rubbish about regs as they are just proposals at this stage.

I see now that wiki has been co-opted by the US government and I will no longer trust it.

Goodbye.

Nicolas 5 months

I’d also like to donate without having to give personal information.
Why not publishing the bitcoin address (auditing the donations would also be nice) ?

Anynomous 5 months

Name required?
Is it even legal to collect this information when there is no need or use for it?

Only possilbe use is misuse.

Drako 5 months

Nice move hope you get the resources you need to keep this wonderful site ad free!

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