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Using the blockchain to expand the kingdom

Carbon12

The rise of digital currencies has been nothing short of meteoric, and it’s
showing no signs of slowing down.

The rise of digital currencies has been nothing short of meteoric, and it’s showing no signs of slowing down. The cryptocurrency market growth is expected to climb from $1.6 billion currently 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 scrutiny from financial institutions and governments 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 to nonprofit 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’ll explore some of the key advantages of cryptocurrency for churches and Christians looking to expand their reach and grow the Kingdom.

Why Churches & Christians Need Crypto to Expand and Grow the Church 

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

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

Furthermore, cryptocurrency allows younger generations not as engaged with traditional financial institutions to get involved with churches and other nonprofit organizations. 

Church membership is predominant among older generations, as 66% of traditionalists — U.S. adults born before 1946 — belong to a church, compared with 58% of baby boomers, 50% of those in Generation X, and 36% of millennials. Using cryptocurrency could help churches connect with a new generation of potential donors and members.

Using Crypto to Connect Faith-Based dApps and Churches With Investors & 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 number 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 investment. This type of fundraising allows churches and nonprofits to reach a global audience of potential investors, which could help them raise 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 is already being felt, as several organizations have begun to accept crypto donations. 

Use Cases for Utilizing 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 that crypto can be used to help churches expand their reach and grow the Kingdom. Here are the most prominent use cases for how churches can utilize crypto: 

1. Tithing 

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, “A 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 approximately 3%-5% of regular attendees participating and often giving less than the traditional 10% (around 2.5-2.5%)

2. Commerce & Partnerships

Providing 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 businesses that share their values. Creating an economy of believers can impact the church, the local community, and beyond. 

3. Events, Missions & Outreach

Churches can use crypto to fund events, conferences, and other gatherings. This would allow churches to connect with a global network of potential attendees and supporters. Additionally, crypto can finance missionary work and other outreach programs. 

Churches can use crypto 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. 

4. Crowdfunding 

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 individuals and groups who want to support their work. Crowdfunding can also be used to finance specific projects, like 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 utilizing this technology to expand their reach and fulfill their missions. 

For churches, utilizing 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 of believers. As we enter into a new era of digital giving, churches that embrace crypto will be well-positioned to impact the lives of their members and communities in a transformative way. 

Conclusion 

Cryptocurrency is a rapidly growing industry with immense potential, and churches and Christians should consider utilizing crypto to expand and grow 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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Contact:
Sonny Gonzalez
Carbon12
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 Religion News Service or Religion News Foundation.

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