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BITCOIN AS DONATION TO CHURCH

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ICF Church, a zealous church in Zurich, Switzerland, is set to begin accepting Bitcoin donations from worshippers.

The common theory with most churches is that they’re traditional and are beholden to time-honored traditions. Whereas a number of churches are actually quite keen on adopting the latest inventions that technology has brought to bear. Example is a church in Switzerland that is set to begin accepting Bitcoin donations.

The digital currency-accepting church is ICF Church, located in Zurich, Switzerland. It’s an evangelical church and among the largest in the country. Its parishioners are actually pretty young, and the church itself is a big supporter of cutting-edge technologies.

That is why accepting Bitcoin donations makes perfect sense for the church. ICF Church spokesman Nicolas Legler said:

Crypto (digital) currencies and the blockchain technology will change our daily lives more and more in upcoming years.

Cryptocurrencies will be applied, whether it is Bitcoin or any other currency that is controlled by the state. We are convinced that this technology will soon belong to our daily lives.

Keeping Recent with New Tech

It makes perfect sense for the ICF Church in Zurich, Switzerland, to accept cryptographic currency. Many churches have long seized upon technological innovations to spread their ministry, from using radio to broadcast to rural audiences to having online sermons so that people can download and view at their ease.

The church in Zurich raises the majority of its income from its parishioners. Being youngsters, they are more tuned into the most recent technological patterns, for example, crypto, and it doesn’t hurt that Switzerland has been attempting to build up itself as a crypto center.

Bitmain Technologies, the substantial Chinese Bitcoin mining operation, is extending to Switzerland because of China doing everything conceivable to end crypto mining inside its country. It was likewise only a couple of years back that the Swiss city of Zug began a pilot venture where citizens could pay for government services by means of bitcoins. (One marvels if the city chose to hold any of those bitcoins or not. In the event that it did, at that point the city made an immense benefit.)

As cryptocurrency becomes more accepted, it’ll likely become a common sight to see a church passing around their wallet address instead of the collection plate.

As digital money turns out to be more accepted, it’ll likely turn into a typical sight to see a church going around their wallet address rather than the accumulation plate.

What are your thoughts about the ICF Church in Zurich beginning to accept Bitcoin donations? Will crypto-currency replace fiat donations down the road? Let us know what you think in the comments below.

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Crypto Roundup

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Is Toronto Next to Accept Bitcoin for Property Taxes?

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Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.

Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.

Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.

Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned


“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”



“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.” 


He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”

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Morning Crypto Roundup

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  1. Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
  2. Bitcoin stays above $10,000
  3. Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
  4. After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
  5. According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share

 

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