Connect with us

News

BITCOIN AS DONATION TO CHURCH

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Bitcoin under $4000

Published

on

By

Bitcoin is crashing again in crypto market along with other cryptocurrencies, as Bitcoin again dipped under $4000 mark.

2018 will be remembered as one of the worst years for crypto currencies, after spectacular boom of crypto market in 2017 in terms of adoption and increase in market cap, this year so far has proven to be the opposite of that, Crypto market cap reached the level of $800 billion at the start of 2018 and now the total worth of crypto market is $125 billion which shows more than 80% of decline in overall market cap.

Bitcoin dipped below the level of $3500 few days ago and now market is crashing one more time, shows that bottom is still not here and we are far away from bottom as of now, market dynamics are changing, shows that all the speculators in the market are taking a big hit from this bear market.

It will be interesting to see, how bitcoin will survive this crucial time period, but the biggest question is, where is the bottom? because according to many analysts in crypto market, bottom lies somewhere between $2000-$3000

Continue Reading

News

India’s largest Mobile & Internet industry forms Blockchain Committee

Published

on

India is promoting the blockchain ecosystem in the country and the latest move in this regard is the country’s influential internet and mobile industry association has formed a committee dedicated to the decentralized (blockchain) technology.

India’s most-read business daily the Economic Times reported, with the new blockchain committee, the Internet and Mobile Association of India (IAMAI) is batting an eye on the government to widen the blockchain industry and startups.   India’s most-read business daily the Economic Times report.

The focus is to use blockchain technology to facilitate job creation and reduce the unemployment rate in the country.  This will give a boom to the new digital economy in the country, the report added.

The new committee within the influential non-profit will be chaired by Tina Singh, digital chief at private lending giant Mahindra Finance.

She told the publication:

“Blockchain is undeniably the technology of the future, slated to bring decentralization and trust and accountability into multiple areas of business. However, in order to be more effective and enter the mainstream, blockchain technology needs the intervention of government bodies, regulatory authorities, and corporates.”

The committee includes several includes many well-reputed executives of major corporate giants spanning tech and financial sectors such as Microsoft, Mastercard, IBM and HDFC Bank, India’s biggest private bank.

Interestingly, the committee also includes Sandeep Goenka, founder of major Indian bitcoin exchange Zebpay. The app-only exchange was among India’s earliest and largest exchanges until it closed trading services less than a month ago. However, Zebpay continues to provide a wallet service to users, the exchange said it was “unable to find a reasonable way to conduct the cryptocurrency exchange business” following the central bank’s comprehensive ban that bars banks from providing services to exchanges and the wider crypto sector.

Despite the ban and less viability on the cryptocurrency sector, which remains unregulated, the formation of the blockchain committee proves the consistent effort to integrate the groundbreaking tech into wider society.

Singh added:

The IAMAI Blockchain Committee will focus on creating dialogue between all stakeholders; curate and create content to aid skill development and move towards creating a participative economy with the usage of blockchain.”

Continue Reading

News

BTCC Chinese Crypto firm plans to start its services in South Korea

Published

on

BTCC, China’s first cryptocurrency exchange, has planned to expand its services in South Korea on October 31, 2018.

Initially known as BTC China, the cryptocurrency trading exchange was one of the largest in the world in terms of trading volume. However, owing to  China’s crackdown on crypto trading and initial coin offerings (ICOs), the exchange was asked to shut down its services in the country in September last year and transferred to Hong Kong in January 2018.

According to a report, BTCC’s Korea operations will be headed by Lee Jae-beom. He said that BTCC Koplannedaned to highlight a new vision of cryptocurrencies. The exchange will first launch its beta services this month, with the official debut set for November.

Furthermore, the exchange stated that it will provide not only the trading, buying and selling services to its customers, but it also plans to create own a wallet, a mining pool, and a consumer payments service. However, there is still no information about the coins listed on an exchange. On the South Korean version of its website, the company has not yet specified which coins will be supported on the exchange.

Commenting on the launch, Lee said: “Cryptocurrency exchanges are facing a turning point due to a downturn in local exchanges while global exchanges are making a leap here. BTCC Korea will be able to present a new strategy and vision of crypto exchanges.”

The report said, BTCC also plans to expand its services and it wants to achieve this via strategic tie-ups with local and global firms. Recently, the company announced that it had joined hands with Defytime, a producer of anti-ageing products. The partnership will helpDefytime to adopt blockchain in healthcare products.

In Hong Kong, BTCC offers a range of services and products for trading to a global customer base. In particular, the exchange facilitates the trading of five cryptocurrencies against the USD – BTC, BCH, ETH, LTC, and DASH. In addition, BCH, ETH, LTC and DASH can also be traded against BTC.

 

Continue Reading

Trending

Copyright © 2017 Coinoshi.com