Wikipedia to accept Bitcoin Cash donations via BitPay
One of the most popular websites, Wikipedia, recently added support for donations made in Bitcoin Cash through BitPay. According to a press release, Wikimedia Foundation, a non-profit partnered with BitPay. The new partnership enable users to support the website that manages Wikipedia and many other free knowledge projects, with Bitcoin Cash and Bitcoin core donations.
Reportedly, since 2014, the Bitcoin core donations have been active but it was possible only through Coinbase. “Our donors have shown an increased interest for different cryptocurrencies, so accepting Bitcoin Cash was a natural next step,” said Pats Pena, Director of Payments and Operations, Wikimedia Foundation.
Wikipedia is not the only organisation, BitPay offers many organizations the ability to accept crypto donations. Moreover, in the last couple of years, Bitcoin donations have increased dramatically. BitPay has processed many multi-million dollar donations to non-profits. And, it hopes that the trend will continue this year.
Sonny Singh, Chief Commercial Officer at BitPay said, “Bitcoin and bitcoin cash are one of the cheapest payment options available so more money goes to charity rather than paying fees. Wikimedia does so much good around the world that it is a privilege to help them raise money.”
In other news, recently, Onfido global ID verifier partnered with BitPay to accept Bitcoin payments. Also. BitPay will be using Onfido to implement the KYC procedures when they’re registering new users.
Moreover, integration of Bitcoin payments will allow Onfido to access the clients that conventional financial institutions often overlook. In the crypto space, the prevalence of fraud is increasing and, therefore, the need for using practices like KYC and AML becomes more and more important. And, with this partnership, BitPay will be able to use Onfido-provided technology to implement KYC.
Also, payment network had a record-breaking year, last year, since BitPay saw $1 billion in transactions.
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