Roman Catholic Archdiocese of Washington, DC will settle for crypto donations

Roman Catholic Archdiocese of Washington, DC will settle for crypto donations

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

In an announcement Tuesday, crypto platform Engiven mentioned it could facilitate donations to the Roman Catholic Archdiocese of Washington, DC for fundraising efforts and to extend the church’s “digital stewardship initiatives.” In line with the archdiocese’s web site, the funds will probably be used to instantly help 139 DC-area parishes in addition to native packages, together with offering meals to these in want.

“The Roman Catholic Archdiocese of Washington, DC seeks to harness know-how to have interaction parishioners in new and thrilling methods, making it simpler for the trustworthy to meet the mission of the Church,” mentioned Joseph Gillmer, govt director of growth for the archdiocese.

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

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

Associated: Professional-Russian teams collected simply 4% of crypto donations despatched to Ukraine

Whereas sure dioceses throughout the Roman Catholic Church look like open to utilizing the most recent know-how, the Russian Orthodox Church mentioned in February 2021 that it didn’t plan to simply accept cryptocurrency for donations, nor to create its personal digital foreign money. A spokesperson prompt on the time that church members ship cash over the telephone as a substitute of crypto. Russian President Vladimir Putin has since signed a invoice banning digital monetary belongings as funds within the nation.