The U.S. non-profit Wikimedia Foundation has switched to BitPay crypto payment provider.
United States crypto payment processor BitPay and the non-profit and charitable organization that operates Wikipedia, the Wikimedia Foundation, have partnered to accept crypto donations, according to the official press release published on Jan. 29.
The Wikimedia Foundation had already accepted Bitcoin (BTC), but the aim of the new partnership with BitPay is to be able to accept donations in Bitcoin Cash (BCH), the press release states.
BitPay’s chief commercial officer, Sonny Singh, commented on the new partnership:
“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.”
Back in November, Singh had forecast that Bitcoin would hit $15,000 to $20,000 by the end of 2019, citing the upcoming entrance into crypto by leading financial sector giants such as Intercontinental Exchange (ICE) and Fidelity, who both have plans to launch their own crypto-based investment products.
Previously in September, Singh had also underlined that altcoins will “never come back,” while Bitcoin — calling it the leader in the space — would rebound in 2019.
BitPay reported seeing over $1 billion in transactions this past year, along with record high transaction fee revenue, Cointelegraph wrote on Jan. 17.