Church goes digital : Archdiocese of Washington starts accepting crypto donations
In an effort to expand its ministries, the Archdiocese of Washington, D.C. of the Roman Catholic Church has decided to accept cryptocurrency donations.
On Tuesday, Engiven, a cryptocurrency platform, promised to simplify the process of donating money to the Roman Catholic Archdiocese of Washington, D.C. for fundraising.?
"Engiven is proud to partner with The Roman Catholic Archdiocese of Washington. Why do organizations choose Engiven? Second-to-none security, unparalleled features + customization and world-class support," the company said in the tweet.
As per the Archdiocese's website, the funds will support 139 parishes in the Washington, D.C., area, as well as regional initiatives like feeding the hungry.
In the past year, Engiven had processed crypto donations for more than 400 faith-based organizations, including a $10 million BTC donation.?
As crypto enters the faith-based ecosystem, James Lawrence, Founder of Engiven, stated that "no church, non-profit, or faith-based organization can afford to ignore their online audience, donors, and seekers."
Contrary to some Roman Catholic dioceses that are embracing technological advancements, the Russian Orthodox Church refused to accept bitcoin as donations in February 2021, suggesting churchgoers use the phone to make their donations rather than using cryptocurrency.
One of Engiven's features for the archdiocese is anonymous donations in Bitcoin (BTC) and 0x's ZRX. The platform states that 100% of the net proceeds of donations go to parish funds.
Cryptocurrency donations can be accepted and liquidated securely through Engiven's proprietary technologies, which reduces the complexity and risk associated with cryptocurrency transactions.
With Engiven's completely automated end-to-end giving solution, donors receive a gift receipt instantly after their crypto donation is verified on the blockchain and converted to USD.
CBW - External Analyst