Wikipedia loses money because of Bitcoin!
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Answer Wikipedia loses money because of Bitcoin!
At first glance, some think that providing new payment options will attract more money, but the Wikipedia experience is different.
According to Wikipedia founder Jimmy Wales, adding the bitcoin payment option “has hurt the platform’s revenue.”
He added:
We have run a number of tests for donating to the platform such as using PayPal or Bitcoin and it turns out that revenue went down when Bitcoin donation was activated.
According to the founder of the Wikipedia platform, the option to pay with “Bitcoin” distracted users and took them away from donating.
And he said:
Read:Beware of scams calling for a vote on the fork of Ethereum
They click and read about bitcoin and it seems to us that they are only going to invest in bitcoin and not being used for donation.
Jimmy Wales said that Wikipedia does not have any bias towards cryptocurrencies, and added that there is no opposition about it if it works effectively as a means of donation.
But he said that 11 years later, Bitcoin is still not ready.
It is believed that individuals bypassing the barrier of identifying Bitcoin and providing new mechanisms and technologies that help everyone to use it as easily as “Paypal” or bank cards will make Bitcoin a truly revolutionary innovation.
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Read also:
Anonymous Group announces a donation of $75 million to startup projects that protect privacy
UNICEF opens the door for accepting donations in cryptocurrency
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