The angle I am approaching this is that every church should accommodate the medium in how a congregant desires to tithe. many churches already do this (i.e. company matching, stock giving, etc).
Typically there's rarely any issues to accommodate the above so why should BTC be any different? I don't think it should.
I believe there can be a case regardless of denomination, theology, philosophy of ministry, country, for every church to be equipped to a accept BTC.
Replies (2)
I’m not arguing they shouldn’t be accepting it or capable of; I’m simply explaining why it’s a hurdle.
Usually the non-fiat giving are one time or special use cases such as for larger donations for specific campaigns or bequeaths.
I know churches who still don’t do text to tithe…so if we can’t get them to do that it’s going to be harder to get them to accept BTC that has custody processes and conversion steps.
Now…a simple strategy would be to put some BTC on a multi-sig wallet and give it to them…say, I’m donating this to the church to be used as needed.
I’d recommend utilizing it in ABC fashion (ie keep some BTC on the books)
And btw, I’m more than willing to help train a few of the key staff on how to manage it.
Etc…
They most likely won’t turn down “money”. 😎
But you have to set them up for success. Meaning you can’t expect them to figure it out, you have to demonstrate and lead it for them
The angle I’m taking is to help them accept the donation with no strings on what they do with it. Most churches and nonprofits can’t even simply accept the donation and immediately convert to cash. The don’t have the plumbing. It reduces both donation size and the size of the pool of donors.
