{"id":523759,"date":"2023-03-20T11:30:49","date_gmt":"2023-03-20T11:30:49","guid":{"rendered":"https:\/\/wncen.com\/?p=523759"},"modified":"2023-03-20T11:30:49","modified_gmt":"2023-03-20T11:30:49","slug":"a-catholic-church-in-washington-now-accepts-crypto-donations-why-it-matters","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/a-catholic-church-in-washington-now-accepts-crypto-donations-why-it-matters\/","title":{"rendered":"A Catholic Church In Washington Now Accepts Crypto Donations, Why It Matters"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">The Roman Catholic Archdiocese of Washington, DC, has announced intentions to expand its ministry and support 139 parishes and regional initiatives for the needy by accepting crypto donations.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Roman Catholic Archdiocese of Washington Partners With Engiven<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/techstory.in\/us-catholic-churches-are-accepting-crypto-donations\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">donations<\/span><\/a><span data-preserver-spaces=\"true\"> will be accepted through Engiven, an enterprise donation platform that uses the blockchain to assist non-profits access cryptocurrency donations to further their cause. The platform has already enabled crypto donations for over 400 faith-based groups, including a $10 million Bitcoin donation, one of the largest single BTC donations in history.<\/span><\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/YL6ENsbx\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/YL6ENsbx\/\" alt=\"Bitcoin Price On March 20| Source: BTCUSDT On Binance, TradingView\" width=\"1280\" height=\"595\"><\/a><figcaption class=\"wp-caption-text\">Bitcoin Price On March 20| Source: <a href=\"https:\/\/www.tradingview.com\/x\/YL6ENsbx\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT On Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The Executive director of Development in the Archdiocese of Washington, Joseph Gillmer, stated that their aim in accepting crypto is to boost their ability to communicate with parishioners while making it easier for them to fulfill the church&#8217;s mission.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-price-barrels-past-28k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Barrels Past $28,000 \u2013 Can BTC Keep Pushing This Week?<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Engiven&#8217;s cryptocurrency donation platform will play a key role. The portal will allow people to donate crypto assets to over 300 parishes, schools, and ministries in the broader Washington, D.C., area. The digital nature of the platform also means donors can send money anonymously using various cryptocurrencies, including Bitcoin, from across the globe.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the move is part of a trend of non-governmental organizations accepting the applicability of blockchain, especially in payment using cryptocurrencies, the Vatican has not yet issued clear guidance on the matter, nor have they officially acknowledged using cryptocurrencies.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Catholic Crypto Conference<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">In Nov. 2022, the first-ever Catholic Crypto Conference was\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/catholicherald.co.uk\/what-is-the-catholic-take-on-cryptocurrency\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">held<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0in Valley Forge, Pennsylvania. It brought together over 250 congregants, including theologians, philosophers, cryptocurrency enthusiasts, and professionals from the financial services industry, to discuss and enhance the relationship between Catholicism and cryptocurrencies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The conference focused on the opportunities and risks of crypto and how the Catholic Church should view blockchain technology and its use case outside of the financial world, such as storing parish documentation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Blockchain is an immutable and distributed database that can store and track various transactions, including documents, coins, or artifacts with precision to their origins, potentially making storage safer. Safe storage can also help prevent corruption by keeping exact records of when and who accessed parish funds or documents.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-30000-fed-unveils-tool-bailout-non-us-banks\/\" target=\"_blank\" rel=\"noopener \">Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">In 2019, Pope Francis\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.vaticannews.va\/en\/pope\/news\/2019-09\/pope-audience-artificial-intelligence-technology.html\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that a &#8220;better world is possible due to technology if it is accompanied by ethics and inspired by a vision of the common good.&#8221; The key is all technology can be good if used to promote the common good.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While the Roman Catholic Archdiocese of Washington appears to be leaning on technology and leveraging cryptocurrencies, the United States has been aggressively cracking down on crypto companies. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Recently, the United States Securities and Exchange Commission (SEC) issued a Wells Notice to Paxos, the issuer of the BUSD, a stablecoin, claiming that the token was an unregistered security.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature Image From Canva, Chart From TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Roman Catholic Archdiocese of Washington, DC, has announced intentions to expand its ministry and support 139 parishes and regional initiatives for the needy by accepting crypto donations. Roman Catholic Archdiocese of Washington Partners With Engiven The\u00a0donations will be accepted through Engiven, an enterprise donation platform that uses the blockchain to assist non-profits access cryptocurrency donations to further their cause. The platform has already enabled crypto donations for over 400 faith-based groups, including a $10 million Bitcoin donation, one of the largest single BTC donations in history. The Executive director of Development in the Archdiocese of Washington, Joseph Gillmer, stated that their aim in accepting crypto is to boost their ability to communicate with parishioners while making it easier for them to fulfill the church&#8217;s mission. Related Reading: Bitcoin Price Barrels Past $28,000 \u2013 Can BTC Keep Pushing This Week? Engiven&#8217;s cryptocurrency donation platform will play a key role. The portal will allow people to donate crypto assets to over 300 parishes, schools, and ministries in the broader Washington, D.C., area. The digital nature of the platform also means donors can send money anonymously using various cryptocurrencies, including Bitcoin, from across the globe. While the move is part of a trend of non-governmental organizations accepting the applicability of blockchain, especially in payment using cryptocurrencies, the Vatican has not yet issued clear guidance on the matter, nor have they officially acknowledged using cryptocurrencies. The Catholic Crypto Conference In Nov. 2022, the first-ever Catholic Crypto Conference was\u00a0held\u00a0in Valley Forge, Pennsylvania. It brought together over 250 congregants, including theologians, philosophers, cryptocurrency enthusiasts, and professionals from the financial services industry, to discuss and enhance the relationship between Catholicism and cryptocurrencies. The conference focused on the opportunities and risks of crypto and how the Catholic Church should view blockchain technology and its use case outside of the financial world, such as storing parish documentation. Blockchain is an immutable and distributed database that can store and track various transactions, including documents, coins, or artifacts with precision to their origins, potentially making storage safer. Safe storage can also help prevent corruption by keeping exact records of when and who accessed parish funds or documents. Related Reading: Bitcoin To $30,000? Fed Unveils New Tool To Bailout Non-US Banks In 2019, Pope Francis\u00a0said\u00a0that a &#8220;better world is possible due to technology if it is accompanied by ethics and inspired by a vision of the common good.&#8221; The key is all technology can be good if used to promote the common good. While the Roman Catholic Archdiocese of Washington appears to be leaning on technology and leveraging cryptocurrencies, the United States has been aggressively cracking down on crypto companies. Recently, the United States Securities and Exchange Commission (SEC) issued a Wells Notice to Paxos, the issuer of the BUSD, a stablecoin, claiming that the token was an unregistered security. Feature Image From Canva, Chart From TradingView<\/p>\n","protected":false},"author":384,"featured_media":523760,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,88007,15531,88006,3799,88008,4433],"class_list":["post-523759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-catholic","tag-crypto-donations","tag-roman-catholic","tag-sec","tag-vatican","tag-washington"],"acf":[],"yoast_head":"\n<title>A Catholic Church In Washington Now Accepts Crypto Donations, Why It Matters<\/title>\n<meta name=\"description\" content=\"The Roman Catholic Archdiocese of Washington, DC, is expanding its ministry and supporting 139 parishes by accepting crypto donations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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