Back Bay Church in St. Martin, Mississippi last Sunday became the first known Southern Baptist church to offer cryptocurrency as a method of donation, according to Baptist press.
Pastor Adam Bennet, from the Mississippi Gulf Coast, who has been in full-time ministry since 2005, introduced crypto as a donation option, alongside more traditional channels.
Church members donate via crypto
“It’s not normal [in churches] today, but may be in the future as more and more people become interested in cryptocurrency, ”according to Bennett, a self-proclaimed techie, who besides Bitcoin (BTC), decided to include Ethereum (ETH), as well as Bitcoin Cash (BCH), stablecoin IAD, Dogecoin (DOGE), Litecoin (SLD) and USD coin (USDC) as a donation option.
“I spoke with a few others in the church who were into crypto, which became a discussion about it,” Bennett said. Baptist press.
“Then I did some research and found out that the Salvation Army accepts it. I looked at their platform and ended up deciding to use another one for us, ”he continued, while encouraging others to do their own in-depth research before doing the same.
“One of the reasons Back Bay did this is because I’m an early adopter and I love being on the cutting edge of technology. But we also have other people who are invested in crypto. We want to take some of our assets that we have invested, see them rise in value and give them to the work of the church, ”Bennett explained, while reiterating that his church is dipping its toe into crypto is just that. at this stage.
Crypto and missionary work
” Its an asset. So if anybody wants to donate to our church like they would a piece of land, they can. Then we can sell it and use that money for God’s mission, ”said the pastor of early adopters, who believes crypto can help provide assistance in countries with struggling or temporarily disrupted financial systems.
“There are already nonprofits that use crypto to transfer value from one country to another,” he said, adding that “transactions in some third world countries cannot be done. do it quickly and inexpensively “.
Bennett pointed out that these nonprofits use cryptography to effectively secure funding for projects such as the construction of wells.
“For missionary work, we have people who are in some of these areas,” he said.
“We can get them money quickly, in minutes or even seconds, for as little as maybe hundredths of a cent. They would then be transferred to the currency they needed to transact in the field, ”Bennett concluded.
A d: Margin up to 20x on FTX.
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