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Mozilla Foundation is now pausing the policy to accept crypto

07 Jan 2022 : 12:33
2 min read
  • Mozilla Foundation is not accepting cryptocurrencies as donation anymore
  • The entity cited environmental reasons for the decision
  • Last week, the Foundation said that it was accepting crypto in partnership with BitPay as donation

Mozilla Foundation decided to accept donations in cryptocurrencies, but they have changed their minds about the same. The reason for this was revealed in a Twitter thread by the Foundation. 

Mozilla Foundation looking into policy

The Mozilla Foundation didn’t consider the environmental impact of cryptocurrencies, and it seems that they are getting very stressed about the same now. In a number of tweets, the entity referred to their tweet from last week about the fact that they accept cryptocurrencies. 

The entity said that after they reminded their followers that “Mozilla accepts cryptocurrency donations,” a critical “discussion about cryptocurrency’s environmental impact” was held. 

“We’re listening, and taking action,” said Mozilla Foundation. 

“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,” said the entity in another tweet.

Environmental concerns

A number of people commented on the tweet wherein Mozilla Foundation talked about partnering with BitPay for accepting cryptocurrencies as a donation. They pointed out the effect of cryptocurrencies on the environment. 

Many people came out to call cryptocurrencies “garbage” and asked the Foundation not to jump into cryptocurrencies. 

“Wasn’t San Fransisco burning last summer? Why are you enabling environmental catastrophe?” said another Twitter user.

As a result, the entity is currently reviewing its policies and said that “in the spirit of open-source, this will be a transparent process, and we’ll share regular updates.” 


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Parth

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A writer, an author, a freelancer with writings in over 50+ niches, an editor, a proofreader, a music enthusiast, a YouTuber, a podcaster, and someone, who puts consistent efforts each day to make sure his creativity is noticed. What's more? He loves cryptocurrencies.

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