This is why Bitcoin and Ethereum are no longer accepted by International Animal Rescue

Alex Dovbnya

A UK-based animal protection organization has dumped cryptocurrency donations

International Animal Rescue (IAR), a UK-based non-profit organization focused on animal protection and conservation, announced on Thursday that it would no longer accept cryptocurrency donations. It will also reject all contributions from projects within the non-fungible token (NFT) sector.

Founded in 1989, the charity began accepting donations in Bitcoin, Ethereum, Tezos, Bitcoin Cash, Binance Coin, and other cryptocurrencies in late October.

While acknowledging that cryptocurrencies are becoming more popular, the nonprofit claims that they are harmful to the environment due to the significant power consumption. It claims there is “great” potential for blockchain and cryptocurrency donations, but current technology is inconsistent with International Animal Rescue’s vision.

Bitcoin remains the main target of environmentalists, but other crypto projects usually do not escape their wrath, despite claiming to consume significantly less energy.

While projects like Tezos tend to be proud of their green credo, IAR argues that there is no blockchain that is truly eco-friendly.

The organization says the sector needs more innovation to achieve the desired level of sustainability. It leaves the door open to continue accepting cryptocurrency donations in the future.

The IAR has gained international fame through lobbying against the shooting of migrating birds in Malta, successfully ending the practice of bear dancing in India and rescuing orangutans from illegal sale.

As reported by U.Today, the Mozilla Foundation decided to pause cryptocurrency donations in early January due to an informal tweet that resulted in a serious backlash.

The Wikimedia Foundation is also being pressured to decline cryptocurrency contributions.

Leave a Reply

Your email address will not be published.