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The Mozilla Foundation brings back crypto donations but omits bitcoin ($BTC) and other cryptos

The Mozilla Foundation, a nonprofit organization that oversees Mozilla Corporation, which is behind a number of Internet-related applications including the popular Firefox web browser, is resuming donations of cryptocurrencies but leaving numerous cryptos, including Bitcoin ($BTC), out of.

According to a statement from the Mozilla Foundation, earlier this year it started a “heated discussion about cryptocurrency” despite accepting crypto donations since 2014.

As CryptoGlobe reported, Mozilla announced earlier this year that it uses BitPay to accept donations in cryptocurrencies such as BTC, Ethereum ($ETH) and Dogecoin ($DOGE) – its supporters and employees have been protesting against cryptocurrency donations due to the environmental impact of some to accept assets.

Mozilla noted that it had not reassessed its decision to accept crypto since the release of its climate commitments, and has since reviewed its move to determine “if and when Mozilla should accept cryptocurrency donations.”

In its announcement, Mozilla explained that it will no longer accept cryptocurrencies that use Proof-of-Work (PoW) consensus algorithms as they are more energy-intensive. The announcement adds:

Mozilla accepts proof-of-stake cryptocurrencies, which are less power intensive. Mozilla will develop and share a list of the cryptocurrencies we accept by the end of Q2 2022.

Bitcoin and Ethereum currently use PoW algorithms, although the latter will switch to proof-of-stake in the near future. Cryptocurrencies like Solana (SOL), Cardano ($ADA) and Tezos ($XTZ) use PoS consensus algorithms and as such are likely to be accepted.

Notably, other organizations have also stopped accepting cryptoassets over environmental concerns. Last year and after Tesla invested $1.5 billion in BTC, Tesla halted payments in the flagship cryptocurrency over these concerns. Tesla later added DOGE as a payment method on its website.

DISCLAIMER

The views and opinions expressed by the author or any person mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in cryptoassets involves risk of financial loss.

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