The archdiocese of Washington, D.C. of the Roman Catholic Church will start accepting donations in cryptocurrency as half of an effort to develop its ministries.
In a Tuesday announcement, crypto platform Engiven mentioned it will be facilitating donations to the Roman Catholic Archdiocese of Washington, D.C. for fundraising efforts and to extend the church’s “digital stewardship initiatives.” According to the archdiocese’s web site, the funds will be used to straight assist 139 D.C.-area parishes in addition to native applications together with offering meals to these in want.
“The Roman Catholic Archdiocese of Washington, D.C. seeks to leverage technology to engage parishioners in new and exciting ways, making it easier for the faithful to fulfill the mission of the Church,” mentioned Joseph Gillmer, government director of improvement for the archdiocese.
Engiven is proud to companion with The Roman Catholic Archdiocese of Washington.
Why do organizations select Engiven?
✅ Second-to-none safety
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✅ World-class assist#cryptocurrency #nonprofit #philanthropyhttps://t.co/AelIxnc1fq pic.twitter.com/W4HWZ24gfb
— engiven (@engiveninc) August 2, 2022
Engiven’s web page for the archdiocese included the choice to ship donations anonymously in lots of cryptocurrencies, from Bitcoin (BTC) to 0x (ZRX). According to the platform, funds designated for particular person parishes obtain 100% of the online 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 organization, church or non-profit can afford to neglect its online audience, donors and seekers” with crypto changing into an element of that ecosystem.
Related: Pro-Russian teams raised solely 4% of crypto donations despatched to Ukraine
While sure dioceses inside the Roman Catholic Church appear to be open to utilizing the most recent expertise, the Russian Orthodox Church mentioned in February 2021 that it was not planning to accept cryptocurrency for donations, nor create its personal digital forex. A spokesperson instructed on the time that church members ship cash over the cellphone moderately than crypto. Russian President Vladimir Putin has since signed a invoice into legislation prohibiting digital monetary belongings as funds within the nation.