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Internet Archive Adds Bitcoin Cash, Zcash to Donation Options

The Internet Archive, the digital library of internet artifacts and webpages, has added new cryptocurrency payment options for supporters wanting to help keep their servers running.

In a blog post published Thursday, the non-profit host of the Wayback Machine – a service which takes snapshots of webpages as they evolve through time – announced it will now accept donations in bitcoin cash and zcash.

Donating to the archive will allow it to fulfill its mission of ensuring the internet is “free, secure and backed up for all time,” according to the post.

The organization wrote:

“At the Internet Archive, we are big fans of the cryptocurrency movement and have been trying to do our part to test and support alternative means of commerce.”

The Internet Archive has supported bitcoin donations since 2012, noting in a previous post that they have allowed employees to be paid in the cryptocurrency since 2013.

In the same post, the organization said it doesn’t cash out its cryptocurrency holdings, but is rather holding them to study how bitcoin can be used to benefit non-profits.

“We want to see how donated bitcoin can be used, not just sold off,” it wrote at the time.

The archive says it aims to back up every book, webpage, audio file, TV show and piece of software ever produced, making them freely accessible to anyone on the internet.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company, the for-profit entity that develops the Zcash protocol.

Internet Archive server image from John Blyberg/Flickr

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

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'Not an Investment': Internet Archive Defends Decision to Hold Bitcoin

The Internet Archive, the nonprofit digital library dedicated to providing “open access to all knowledge,” has spoken out on why it accepts – and holds onto – the bitcoin donations it receives.

In a recent blog post, the organisation spelled out that it includes the cryptocurrency on its balance sheets – alongside other means of donation, including zcash – “to be a living example of an organization that is trying this innovative internet technology.”

The post continued:

“The Internet Archive explores how bitcoin and other internet innovations can be useful in the non-profit sphere – this is part of it. We want to see how donated bitcoin can be used, not just sold off. We are doing this publicly so others can learn from us. And it is fun. And it is interesting.”

As a nonprofit, the archive has been accepting bitcoin donations since 2012, and has offered the digital asset as a salary option to employees since 2013. Local businesses around the Internet Archive office have also been encouraged to accept the currency – sometimes with success.

Rather than immediately exchange its bitcoin donations for fiat currency, however, the Internet Archive attempts to find ways to use them.

“What we are doing is trying to ‘play the game’ and see how it works for non-profits,” the organization said. “It is not an investment for us, it is testing a technology in an open way.”

Internet Archive server image from John Blyberg/Flickr

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].