Bitcoin News and Finance

Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population Will Leverage Mobile Wallets in 2 Years, Study Says The use of mobile wallets has grown a great deal since the start of the Covid-19 pandemic and a study published by Merchant Machine predicts growth will continue. The researchers note that since 2015, the total revenue generated by mobile wallet applications has tripled, and by 2022, it’s expected to be around $1,639.5 trillion. “The safety, security, and convenience of digital wallets, as well as the popularity of smartphones and general digitalisation of society, were among the main reasons for the popularity of this method,” Merchant Machine’s study details. Furthermore, the research...

Wikipedia Stops Accepting Cryptocurrency Donations Citing Community’s Environmental Concerns

Wikipedia has decided to stop accepting cryptocurrency donations after eight years of doing so. The decision is based on the request by the Wikimedia community citing “issues of environmental sustainability” as a key reason. Wikipedia Discontinues Accepting Bitcoin, Crypto Donations Wikimedia Foundation has announced its decision to “discontinue direct acceptance of cryptocurrency as a means of donating.” The foundation began accepting bitcoin in July 2014. “The Wikimedia Foundation is the nonprofit that hosts Wikipedia and our other free knowledge projects,” its website details. Wikipedia is a free online encyclopedia with over 200K volunteer contributors, according to the foundation. The organization posted an update on its Wikipedia page on May 1, stating: We began our direct acceptance of cryptocurrency in 2014 based on requests from our volunteers and donor communities. We are making this decision based on recent feedback from those same communities. “Specifically, we wil...

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Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

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Wikipedia Stops Accepting Cryptocurrency Donations Citing Community’s Environmental Concerns