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Roman Catholic Archdiocese of Washington, DC will accept crypto donations

Aug 3, 2022
Roman Catholic Archdiocese of Washington, DC will accept crypto donations

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The archdiocese of Washington, D.C. of the Roman Catholic Church will start accepting donations in cryptocurrency as a part of an effort to develop its ministries.

In a Tuesday announcement, crypto platform Engiven mentioned it might be facilitating donations to the Roman Catholic Archdiocese of Washington, D.C. for fundraising efforts and to extend the church’s “digital stewardship initiatives.” Based on the archdiocese’s web site, the funds shall be used to immediately assist 139 D.C.-area parishes in addition to native packages together with offering meals to these in want.

“The Roman Catholic Archdiocese of Washington, D.C. seeks to leverage expertise to interact parishioners in new and thrilling methods, making it simpler for the devoted to satisfy the mission of the Church,” mentioned Joseph Gillmer, government director of improvement for the archdiocese.

Engiven’s web page for the archdiocese included the choice to ship donations anonymously in lots of cryptocurrencies, from Bitcoin (BTC) to 0x (ZRX). Based on the platform, funds designated for particular person parishes obtain 100% of the web proceeds of donations.

Cointelegraph reported in November that Engiven had facilitated crypto donations for greater than 400 faith-based organizations, together with processing a single BTC donation for $10 million. Founder James Lawrence mentioned on the time that “no faith-based group, church or non-profit can afford to neglect its on-line viewers, donors and seekers” with crypto turning into part of that ecosystem.

Associated: Professional-Russian teams raised solely 4% of crypto donations despatched to Ukraine

Whereas sure dioceses throughout the Roman Catholic Church appear to be open to utilizing the newest expertise, the Russian Orthodox Church mentioned in February 2021 that it was not planning to simply accept cryptocurrency for donations, nor create its personal digital forex. A spokesperson recommended on the time that church members ship cash over the telephone reasonably than crypto. Russian President Vladimir Putin has since signed a invoice into regulation prohibiting digital monetary belongings as funds within the nation.