Wikimedia’s Crypto Adventure Begins
In a first-of-its-kind collaboration, the Wikimedia Foundation has officially joined forces with BitPay, a big player in the world of crypto payment processing. Announced on January 29, this partnership aims to broaden the avenues for digital donations, now accepting Bitcoin Cash (BCH) along with the existing Bitcoin (BTC). So, if you’ve been hoarding some BCH and wondered how to channel it for a good cause, your window just opened!
Why Crypto? Why Now?
The choice to dive into the crypto pool isn’t just a random splash; it stems from the inherent benefits that come with cryptocurrency transactions. BitPay’s CCO, Sonny Singh, puts it bluntly: “Bitcoin and Bitcoin Cash are one of the cheapest payment options available, meaning more of your hard-earned cash goes to charity instead of pesky transaction fees.” Talk about a win-win—donate more while also feeling good about avoiding those annoying charges!
Singh’s Past Predictions: A Nostalgic Look
Going down memory lane, you might recall that back in November, Singh had his sights set on Bitcoin hitting between $15,000 and $20,000 by the end of 2019. As financial giants like ICE and Fidelity cautiously dipped their toes into the crypto water, he asserted that the momentum would propel Bitcoin further. Can anyone else hear the faint echos of crypto optimism?
Transaction Triumphs
According to a report shared by Cointelegraph on January 17, BitPay reportedly processed transactions exceeding $1 billion in the last year. That’s a whopping number! And with that, their revenue from transaction fees also reached dizzying heights. It seems like they not only have the magic touch for transactions but also know how to turn profits into charitable contributions.
Final Thoughts
This partnership between Wikimedia and BitPay opens the door for many new potential donors who prefer to harness crypto’s revolutionary capabilities. So, if you’re contemplating how to make a meaningful impact on the digital encyclopedia world, remember that Bitcoin and Bitcoin Cash are now your ticket to do that. Happy donating!
