Catholic churches are beginning to accept crypto donations. Oh my God

Catholic worshipers in the United States can now donate crypto to their church’s efforts. But where is the Vatican on cryptos?

While most religions are thousands of years old and full of outdated nonsense, one archdiocese (region for which the archbishop is responsible) has shown that it is going modern when it comes to giving. He embraced a new asset class by partnering with Engiven, a crypto donation platform.

The Roman Catholic Archdiocese of Washington, DC will use the funds raised to expand its ministries and increase its digital stewardship initiatives.

crypto catholic

Catholics around the world do not have uniform views on the moral point of view of the use of cryptocurrencies. Other religions, such as Islam, have sanctioned the use of certain crypto offerings like the Islamic coin.

According to the National Catholic Register, the Vatican has not commented on the use of cryptography. “No sort of official moral assessment or guidance has been issued by any curial office.”

Some commentators say early crypto investors got ridiculously rich. And they did it without working for it. “Billionaires will trade their artificial, value-inflated currency in exchange for real land, property and infrastructure in a poverty-stricken country.” And that, they say, is unfair.

Other Catholics believe that cryptocurrencies can actually solve many problems for the poor. In Thank God for Bitcoin, author JM Bush, argues that the United States’ fiat system “can effectively introduce new currency into the system at its own discretion, manipulating the value of currency and potentially distorting the relationship between the work people have done and the wealth they actually possess. As several critics have pointed out, this type of inflationary monetary policy has the greatest negative impact on the lower classes, who tend to have more of their wealth tied up in cash, as opposed to more stable assets like the land and capital.

The author first bought bitcoin in 2017. He says the crypto “took monetary governance out of the hands of a privileged few, establishing an immutable system that required all participants to play by and adapt to its rules , rather than bend it to their own will.”

Vatican Art and NFTs

All the while, the Vatican is no stranger to all things Web3. In fact, Vatican art will soon be housed inside the Metaverse as the NFT Gallery. Virtual reality company Sensorium is building the metaverse with Humanity2-0.org. It will feature works of art by Van Gogh, Michelangelo, Picasso, Gauguin, and Raphael, among others.

Catholic Crypto Donations Momentum

Joseph Gillmer is the executive director of development in the Archdiocese of Washington. “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 Church’s mission to spread the light of the gospel of Jesus Christ in the world Engiven helps us fulfill the mission of the Church by providing an advanced, yet easy-to-use cryptocurrency donation platform with the flexibility for congregants to support over 300 parishes , schools and ministries in the greater Washington, DC area.

On the platform, the Church offers a buffet of things that worshipers can donate to – a “ministries menu.” Included are initiatives such as the community food security program.

James Lawrence is the CEO of Engiven. “The Engiven platform was designed to enable enterprise-scale encryption solutions for this exact type of implementation…”

Engiven claims that their technologies “equip government departments and nonprofits to securely accept and liquidate cryptocurrency donations while eliminating the complexity and risk associated with cryptocurrency transactions.”

So where exactly is the Vatican on cryptos? Nowhere yet.

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About Bernice D. Brewer

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