As Mozilla Foundation paused crypto donations, nonprofits raised over $2.4M in 2021

Date:

Mozilla Foundation, the nonprofit behind Firefox, has announced that it is reviewing its decision to accept crypto donations.

Mozilla had announced on 31 December that it will use BitPay platform to accept these digital donations. But, the entity’s backtracking comes amid backlash from the community for crypto’s environmental impact. On its decision, Mozilla stated in a series of tweets,

“So, starting today we are reviewing if and how our current policy on crypto donations fits with our climate goals. And as we conduct our review, we will pause the ability to donate cryptocurrency.”

Further adding that decentralized web technology continues to be an important area for the foundation to explore.

While Mozilla has said that it appreciates the community for bringing the issue to their attention, it is worth noting that some of the voices against the foundation’s decision were of the people that helped build it.

Jamie “jwz” Zawinski, co-founder of Mozilla tweeted in response that it should be “ashamed of this decision to partner with planet-incinerating Ponzi grifters.”

In support of jwz, Peter Linss, the designer of Gecko expressed shock and noted that “You were meant to be better than this.”

With that, the creator of the Mozilla Observatory under the handle April King also commented,

“I cannot begin to express how disappointed I am in this decision.”

Crypto philanthropy

Lately, digital asset donations have become a popular method of philanthropy. Reports had noted that there was a 583% year-on-year increase in digital asset donations in 2021 on Crypto Giving Tuesday. Moreover, in the first, the total amount donated surpassed $2.4 million with an 839% increase in participating nonprofits on the blockchain platform.

With that being said, it is worth noting that Tesla CEO Elon Musk had suspended the use of Bitcoin in May 2021 over similar environmental concerns. Meanwhile, Samsung has recently announced that it is using the technology behind it to fight climate change.

For 2022, the company had stated in a release that,

“Samsung is partnering with climate solutions platform, Veritree, to manage the tree-planting initiative by harnessing blockchain technology to verify and track every step of the reforestation process.”

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Chinese Citizen Living in Chicago Convicted of Spying on US Engineers

Ji Chaoqun, 27, a Chinese citizen living in Chicago...

As Bitcoin reclaims $20k, can BTC traders drive bulls to aim for the sky

Disclaimer: The findings of the following analysis are the sole...

Ex-Venezuelan Soldiers Located Homeless on the Streets of San Antonio

Is it even legal for them to be here? This...

Did Satoshi Nakamoto Meet with SEC Five Years Ago?

A sensationalist tweet posted by a Fox Business journalist...