the Mozilla FoundationThe non-profit organization that makes the Firefox web browser said it has temporarily discontinued the ability to accept donations in cryptocurrency such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).
What happenedMozilla took to Twitter to announce the decision, noting that its reminders last week to accept crypto donations led to an “important discussion” regarding the environmental impact of digital currencies.
Mozilla also said that it is reviewing whether its current policy on cryptocurrency donations fits with its climate goals. The foundation previously said it was strongly committed to being carbon neutral.
Therefore, starting today we are reviewing whether and how our current policy on crypto donations fits with our climate goals. As we conduct our review, we will discontinue the ability to donate cryptocurrency. 3/4
– mozilla January 6 2022
See also: How to buy Bitcoin (BTC)
why does it matter: A tweet from Mozilla last week reminding its followers that they can use cryptocurrency to make donations to the foundation caused an uproar.
This move has also been criticized before Jimmy ZawinskyCo-founder of Mozilla.
Ironically, Mozilla has partnered with Coinbase Global Inc. (NASDAQ:COIN) in 2014 to accept donations in Bitcoin in response to user request.
Mozilla is not the only organization that has reversed its decision to accept cryptocurrencies.
last year, Tesla Corporation. (NASDAQ: TSLA) Chief Executive Officer Elon Musk The electric car maker said it no longer accepts bitcoin for car purchases, citing concerns about the cryptocurrency’s environmental impact. The automaker began accepting Bitcoin in March.
The potential environmental harm of cryptocurrency mining has been a topic of debate and controversy.
According to the Cambridge Bitcoin Electricity Consumption Index, the amount of energy needed to mine Bitcoin is more than the electricity consumption in countries like Ukraine and Norway.
price movement: Bitcoin is down 3.5% over the past 24 hours, trading at $41,665.44 at the time of writing, while Bitcoin is down 1.4% at $0.1535.
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Image: Mozilla logo