Swiss Church Accepts Bitcoin for Tithes and Offerings

Swiss Church Accepts Bitcoin for Tithes and Offerings

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An evangelical church in Switzerland announced that it will accept Bitcoin and other cryptocurrencies as viable offerings, despite concerns over the currency’s volatile value. The International Christian Fellowship church is hopping on the trend in the hopes that cryptocurrencies such as Bitcoin will soon become integrated into everyday life. Nicolas Legler, a spokesperson for the ICF Church, told Swiss media on Wednesday that “Digital currencies and the blockchain technology will change our daily lives more and more in the next years.”
“Cryptocurrencies will be implemented, be it Bitcoin or other currencies controlled by the State,” he added. “We are convinced that this technology will soon belong to our daily lives.”
The cryptocurrency-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 proponent of cutting-edge technologies. ICF church also said that in addition to bitcoin, the church will accept other cryptocurrencies like bitcoin cash and ethereum, making it a generally cryptocurrency friendly institution. The church in Zurich raises all of its income from its parishioners. Being youthful, they are extra tuned into the newest technological developments, akin to crypto, and it does not damage that Switzerland has been working to determine itself as a crypto hub. In 2016, the Swiss city Zug piloted a project so people could use bitcoin to pay for government services. The Chinese bitcoin mining giant Bitmain Technologies recently announced that it is expanding to Switzerland and will be based in Zug. Previously a relative novelty, the online currency which uses blockchain to share digital information without it being copied had for years been used primarily by tech enthusiasts, national governments and people who value its ability to pay anonymously. However, since early 2017 the currency has experienced a massive spike in its value – rising to as much as $13,000 a coin before dropping back to $12,000 amid a period of instability.   What do you think about the ICF Church in Zurich beginning to accept Bitcoin donations? Will cryptocurrency replace fiat donations down the road? Let us know what you think in the comments below.  

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