Using the blockchain to expand the kingdom

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 it shows no signs of slowing down. Cryptocurrency market growth is expected to rise from $1.6 billion to $2.2 billion by 2026, and the total value of all digital currencies is expected to reach nearly $5 billion by 2030.

With this rapid growth comes increased regulation and control from financial institutions and authorities worldwide. But despite the challenges, there are many reasons why churches and Christians should consider using cryptocurrency to expand and grow the church.

Cryptocurrency offers several advantages for non-profit organizations over traditional fiat currencies. Perhaps most importantly, cryptocurrency donations and fundraising efforts are not subject to the same taxes and regulations as fiat donations. In this article, we will explore some of the key benefits of cryptocurrency for churches and Christians looking to expand their reach and expand their kingdom.

Why churches and Christians need crypto to expand and grow the church

In 2020, only 47% of Americans said they belonged to a church or religious group. This is down significantly from 50% in 2018 and a huge drop from 70% just two decades ago in 1999. Churches across the country are struggling to keep their doors open and many are being forced to close their doors for good.

Using cryptocurrencies can help churches tap into new sources of funding and reach a wider audience of potential donors. For example, tithes and offerings can be collected via cryptocurrency donations, allowing churches to avoid the fees associated with traditional donation methods.

Furthermore, cryptocurrency allows younger generations who are not as engaged in traditional financial institutions to get involved in churches and other non-profit organizations.

Church membership is dominant 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. Using cryptocurrency can help churches connect with a new generation of potential donors and members.

Using Crypto to connect faith-based dApps and churches with investors and businesses

Faith-based dApps and cryptocurrency coins like Carbon12’s C12 token are gaining popularity as a new way for churches, nonprofits, and other organizations to raise money and connect with potential donors.

These dApps allow individuals to donate cryptocurrency directly to their favorite church or nonprofit, and they also provide a way for churches to connect with potential investors and businesses.

The use of dApps and cryptocurrencies provides a variety of ways to connect with businesses and investors, including through Initial Coin Offerings (ICOs) and Security Token Offerings (STOs).

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 enables churches and non-profit organizations to reach a global audience of potential investors, which can help them raise the funds needed to expand their reach and expand 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 is already being felt, as more organizations have begun 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 some important ways crypto can be used to help churches expand their reach and expand their kingdom. Here are the most prominent use cases for how churches can use crypto:

1. Tithe

Churches can use dApps like C12 to collect tithes and offerings via cryptocurrency donations, allowing them to avoid the fees associated with traditional donation methods. Leviticus 27:30 (TLB) says, “One tenth of the produce of the land, whether grain or fruit, is the Lord’s and is holy.”

Today, tithing occurs less per capita than during the Great Depression, with about 3-5% of regular participants participating and often giving less than the traditional 10% (around 2.5-2.5%).

2. Trade and partnership

Giving believers the ability to buy and sell goods and services using crypto can help churches tap into new revenue streams. This will also create a way for churches to connect with businesses that share their values. Creating an economy of believers can impact the church, the local community and beyond.

3. Events, assignments and outreach

Churches can use crypto to finance events, conferences and other gatherings. This will allow churches to connect to a global network of potential participants and supporters. In addition, crypto can fund missionary work and other outreach programs.

Churches can use crypto to fund educational programs and training initiatives. This will 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.

4. Crowdfunding

Churches can use dApps and ICOs/STOs to raise money from a global audience of potential investors. This will allow churches to connect with like-minded individuals and groups who wish 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 cryptocurrency on churches and nonprofits is significant. As the use of crypto grows, we can expect to see more organizations using this technology to expand their reach and fulfill their missions.

For churches, using crypto provides a way to connect with potential donors and investors from around the world. It also allows them to tap into new revenue streams and create economies for believers. As we enter a new era of digital giving, churches that embrace crypto will be well positioned to impact the lives of their members and their communities in a transformative way.

Conclusion

Cryptocurrency is a rapidly growing industry with enormous potential, and churches and Christians should consider using crypto to grow and expand the church. Cryptocurrency offers many advantages over traditional fiat currencies, including lower fees, global reach and connecting with a new generation of potential donors and members.

Sources

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Consult:
Sonny Gonzalez
Carbon 12
8162002685
[email protected]

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 the Religion News Service or the Religion News Foundation.