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News Link • Bitcoin

BitBeat: Wikipedia Adopts Bitcoin

•, Paul Vigna

Wikipedia is one of the most heavily trafficked sites on the web, and seems a natural fit for bitcoin as a payments system, seeing both are powered by a decentralized network of users, so it's a wonder it took this long.

In a press release on its website, Wikimedia explained that it had been asked in the past to take bitcoin, and those requests combined with recent events, including the IRS guidance on bitcoin, convinced it to revisit the cryptocurrency. "There is [now] a clear understanding of how to legally manage it," Lisa Gruwell, the chief revenue officer of Wikimedia, wrote in the post.

Interestingly, another big services provider, BitPay, also announced a new pricing plan for merchant services on Wednesday. It is now offering an entry level service plan that has no costs (professional service plans that offer more features, and carry a charge).

The company said the move to make the entry-level plan free was to encourage merchant adoption, especially for small businesses, and to push toward its goal of enrolling 1 million merchants by the end of 2016. That's a lofty goal – it currently counts about 60,000 merchants as clients – but it's got two and a half years to reach it.

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