Church accepts Bitcoin donations

A nondenominational, 120-member church in Meridian, Idaho, USA “Connections”, has modified its website to accept Bitcoin donations.

Bitcoin is an online form of money that has seen its use and value skyrocket in the past year is a “cryptocurrency”.

Jeremy Wight, Connections executive pastor since January 2013, said accepting Bitcoin can only help the small church – or for that matter, any business.

“Why not?” he said.

“Why would any business who understands Bitcoin not give people more options to pay for their services?”

Bitcoin is by far the most widely used cryptocurrency and Wright likes the idea of a global currency, like Bitcoin, which is not regulated by any government.

Wight said the church is also accepting litecoin, and will soon accept dogecoin.

Connections church accepted $6,500 donations in January and has not yet received any Bitcoin donations.

Wright says he has subdued expectations for Bitcoin donations, and says while Bitcoin has a long way to go, it is creeping into the the mainstream.

An online Bitcoin account does not have any personal information attached to it, can be transferred or cashed anywhere in the world that has access to the Internet. It is an non-government regulated currency.

Bitcoin is best known for shadowy business, most famously for its use as the tender for the Silk Road.

Sources

Additional reading

News category: World.

Tags: ,