Winklevoss Twins Creating Gemini – The NASDAQ for Bitcoin Accepts BitcoinBitcoin InterviewsExclusive Kentucky Church Now Accepting Bitcoin P. H. Madore Advertisement: According to Tim Totten, the chair of the finance team at Fern Creek United Methodist Church in Louisville, Kentucky, who has been an active Bitcoiner for about two years now, he had been considering implementing Bitcoin donations for quite some time.We had a chat with him.I was always afraid of being too far out ahead of the curve.Once major charitable organizations such as United Way and the American Red Cross started accepting Bitcoin donations, I knew the time was right.The church, which has an active congregation of between four and five hundred people, now accepts Bitcoin donations directly and via Coinbase.Since its implementation, anonymous donations have started to trickle in.Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income.This too is meaningless.

– Ecclesiastes 5:10 Whether or not the global Bitcoin community starts contributing heavily is irrelevant; eight regular members of the congregation have experience with the digital currency, and Totten says he is planning to educate church members on Bitcoin.I plan to teach some classes on Bitcoin in the coming months, so hopefully we can grow that number.I have had quite a few other members express interest in Bitcoin, so hopefully they become actual Bitcoin users once they learn more.litecoin mining for macThe way the US tax code works, charitable contributions to a church can be fully deducted from income tax.bitcoin atm in israelThe way that Bitcoin is taxed means that when you make a contribution in Bitcoin, you can reap a deduction while also avoiding the penalty for realizing gains – the actual conversion to dollars happens via the church.bitcoin price api json

Thus as more religious organizations begin to accept Bitcoin, large holders may want to consider them in their tax strategies.Also read: How Churches Are Starting to Evangelize About Bitcoin But the move’s benefits don’t stop at accepting a new form of money.The church believes that accepting Bitcoin will make them more marketable to young adults who will view this as a progressive stance.[W]e are aware that the typical bitcoin user is a younger adult, so hopefully that segment of our local population can see that, by accepting bitcoins, we are forward-thinking church that’s willing to try new things.bitcoin discardedBut, What Would Bitcoin Jesus Do?focus bitcoin banque de franceFor many on the outside, Bitcoin itself appears to be a religion, with many people clinging to it through the worst of times.bitcoin choosing a pool

Not to mention the likes of Roger Ver being dubbed “Bitcoin Jesus,” referencing the evangelical nature of Bitcoin promoters.Churches embracing the currency might lend a new level of validation to those struggling to communicate the value of their passion to others.We are long past the days when a new organization accepting Bitcoin can be considered news, but perhaps with churches accepting Bitcoin, regulatory authorities will have to consider that there is a whole new segment of the population which would be affected by draconian legislation.[divider]CCN[/divider] For where your treasure is, there will your heart be also.– Matthew 6:21 “Gain all you can, save all you can, and give all you can.” – John Wesley, Founder of the Methodist Church, 1744 Images from Shutterstock.Got a Church to accept Bitcoin!()submitted by π Rendered by PID 10490 on app-241 at 2017-06-24 10:30:34.919680+00:00 running 3522178 country code: SG.A recent article addressed to church leaders openly raises the question of accepting and promoting Bitcoin donations.

A new step further for the adoption of Bitcoin by civil society?The Christian-oriented media Church Law & Tax just placed once again the Bitcoin debate on the table in the Christian community, following the publication of an article welcoming the decision of the American charity United Way Worldwide to accept bitcoin for its Innovation fund.“With a major charitable organization like the United Way accepting bitcoin, churches will quite possibly have congregants who want to give using digital currency-if it’s not already happening.” An online guidebook to the attention of its subscribers has already been published, explaining step by step how to start accepting Bitcoin in a church.The tutorial headline states: “Your church may be approached in the near future by a donor (probably a relatively young person) who wants to make a contribution using bitcoin.” : “Some churches prioritize being on the leading edge of technology and staying relevant to sophisticated church goers.

I imagine there was a time when checks in the offering plate were considered cutting edge – today checks have become the preferred payment method in churches.Many churches have adopted e-commerce as a means for collecting online tithes and offerings.Accepting Bitcoin payments may simply be the next step for these churches.Additionally, Bitcoin’s anonymity may also appeal to believers who take to heart Jesus’ admonishment in Matthew 6, “But when you do a charitable deed, do not let your left hand know what your right hand is doing, that your charitable deed may be in secret; and your Father who sees in secret will Himself reward you openly.” By accepting Bitcoin payments, churches can make it easy for those that want to give anonymously.A point confirmed by parishioner Andrew Harrison, who convinced the Reverand Chris Brice, Vicar of St Martin’s Church in Kentish Town (United Kingdom) to accept the crypto-currency:  “No one knows who is making the donation, which is the way it should be… only God knows.” These arguments clearly seem to have borne fruit, as many other churches have announced since the beginning of the year the acceptance of Bitcoin donation.