The rise of digital currencies has been nothing short of meteoric, and it is
showing no signs of slowing down.
The rise of digital currencies has been nothing short of meteoric, and shows no signs of slowing down. The growth of the cryptocurrency market is expected climb from $1.6 billion currently to $2.2 billion by 2026and the total value of all digital currencies is expected to reach almost $5 billion by 2030.
With this rapid growth comes increased regulation and scrutiny from financial institutions and governments around the world. But despite the challenges, there are many reasons why churches and Christians should consider using cryptocurrencies to expand and grow the church.
Cryptocurrency offers several advantages to non-profit organizations over traditional fiat currencies. Perhaps most importantly, cryptocurrency donations and fundraising efforts are not subject to the same fees and regulations as fiat donations. In this article, we will explore some of the key advantages of cryptocurrencies for churches and Christians looking to expand their reach and grow the Kingdom.
Why churches and Christians need cryptocurrencies to expand and grow the church
In 2020, just 47% of Americans they said they belonged to a church or religious group. This is down significantly from 50% in 2018 and a whopping 70% drop just two decades ago in 1999. Churches across the country are struggling to keep their doors open, with many being forced to close their doors forever.
The use of cryptocurrencies could help churches access new funding sources and reach a broader audience of potential donors. For example, tithes and offerings could be collected through cryptocurrency donations, allowing churches to avoid the fees associated with traditional donation methods.
Additionally, cryptocurrency allows younger generations who are not as committed to traditional financial institutions to get involved with churches and other non-profits.
Church membership is predominant among older generations, as 66% of traditionalists American adults born before 1946 belong to a church, compared to 58% of baby boomers, 50% of Gen Xers and 36% of millennials. The use of cryptocurrencies could help churches connect with a new generation of potential donors and members.
Using cryptocurrencies to connect dApps and faith-based churches with investors and businesses
Faith-based dApps and cryptocurrency coins like C12 Carbon12 tokens are gaining popularity as a new way for churches, nonprofits, and other organizations to raise money and connect with potential donors.
These dApps allow people to donate cryptocurrency directly to their favorite church or nonprofit, and also provide a way for churches to connect with potential investors and businesses.
ICOs and STOs are a new way of raising funds that allow organizations to sell digital tokens in exchange for investments. This type of fundraising allows churches and nonprofits to reach a global audience of potential investors, which could help them raise the funds needed to expand their reach and grow the Kingdom.
Potential investors can learn more about a church or nonprofit before investing and choose to invest in organizations that align with their values, creating a powerful new way for churches and nonprofits to connect. with like-minded individuals and groups.
the Impact of Cryptocurrency on Churches and Nonprofits It is already being felt, as various organizations have started accepting crypto donations.
Use cases to use cryptocurrencies to build the kingdom
Practical applications for how churches can use C12 and other cryptocurrencies are still evolving, but there are a few key ways cryptocurrencies can be used to help churches expand their reach and grow the Kingdom. Here are the most prominent use cases of how churches can use crypto:
Churches can use dApps like C12 to collect tithes and offerings through donations in cryptocurrencies, allowing them to avoid the fees associated with traditional donation methods. Leviticus 27:30 (TLB) says, “A tenth of the produce of the land, whether grain or fruit, belongs to the Lord and is holy.”
2. Trade and associations
Giving believers the opportunity to buy and sell goods and services using crypto can help churches tap into new revenue streams. This would also create a way for churches to connect with companies that share their values. Creating an economy of believers can impact the church, the local community, and beyond.
3. Events, Missions and Scope
Churches can use cryptocurrencies to fund events, conferences, and other gatherings. This would allow churches to connect with a global network of potential attendees and supporters. Additionally, cryptocurrencies can fund missionary work and other outreach programs.
Churches can use cryptocurrencies to fund educational programs and training initiatives. This would allow churches to invest in their members and equip them with the tools they need to grow in their faith and reach their full potential.
Churches can use dApps and ICOs/STOs to raise money from a global audience of potential investors. This would allow churches to connect with like-minded people and groups who want to support their work. Crowdfunding can also be used to finance specific projects, such as the construction of a new church building, marketing and advertising campaigns, or the launch of a new program.
The potential impact of cryptocurrencies on churches and non-profit organizations is significant. As the use of cryptocurrencies grows, we can expect to see more organizations using this technology to expand their reach and accomplish their missions.
For churches, the use of crypto provides a way to connect with potential donors and investors from around the world. It also allows them to take advantage of new sources of income and create economies of believers. As we enter a new era of digital giving, churches that embrace cryptocurrency will be well positioned to impact the lives of their members and communities in a transformative way.
Cryptocurrency is a fast-growing industry with immense potential, and churches and Christians should consider using crypto to expand and grow the church. Cryptocurrency offers many advantages over traditional fiat currencies, including lower fees, global reach, and connection to a new generation of potential donors and members.
Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Religion News Service or the Religion News Foundation.