TL;DR: Payment processing company BitPay announced a partnership with the Wikimedia Foundation to help the non-profit accept donations in bitcoin cash (BCH). The foundation operates Wikipedia, which is consistently in the top five visited websites in the world.
Wikipedia’s Foundation Works with BitPay to Accept Bitcoin Cash Donations
“All of the Wikimedia Foundation’s work is driven by its vision to create a world in which everyone can freely share in the sum of all knowledge,” a press release explained. “Accepting payments globally is difficult due to the fractured payments ecosystem and a multitude of payment options.”
And with crypto such as BCH, “people can now donate from anywhere in the world cheaply and quickly.” The foundation had been exclusively using only BTC, but they “recently switched payment processors to BitPay so they can now accept Bitcoin Cash,” the announcement clarified.
BCH developer Jonathan Silverblood cheered, “I have benefited immensely from @Wikipedia and the the software that @Wikimedia produce. Even though I don’t have much money at the moment, I’ve given $5 to them with #BitcoinCash #BCH now that they support that as a payment option.”
“Bitcoin Cash was a natural next step”
Pats Pena of Wikimedia elaborated on the move, “Our donors have shown an increased interest for different cryptocurrencies, so accepting Bitcoin Cash was a natural next step. We accept donations globally, and we strive to provide a large variety of donation options. It’s very important that we can get international donations processed in ways that are efficient and cost-effective.”
It seemed to be a fairly easy calculation for the non-profit, as BitPay’s Sonny Singh confirmed Bitcoin Cash is “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.”
BitPay has been around for nearly 8 years, and it has proven to be one of of the most profitable companies in the ecosystem. As CoinSpice recently reported, “it processed $1 billion in 2018. A billion dollar anything is something to crow about under most any circumstances, but that it was done during a decidedly awful bear market is giving enthusiasts hope for the space’s future amid otherwise dark numbers.”
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