• Mississippi church accepts Bitcoin, Ethereum, and other cryptocurrencies as a form of payment

  • Back Bay Church in St. Martin, Mississippi, became the first known Southern Baptist church to accept cryptocurrency as a form of payment last Sunday.

    Pastor Adam Bennet, a Mississippi Gulf Coast native who has been in full-time ministry since 2005, pioneered the use of cryptocurrency as a donation channel alongside more traditional channels.

    Crypto donations are made by church members.

    “It’s not normal [in churches] today, but it could be in the future as more people become interested in cryptocurrency,” says Bennett, a self-described tech nerd who decided to include Ethereum (ETH), Bitcoin Cash (BCH), stablecoin DAI, Dogecoin (DOGE), Litecoin (LTC), and USD Coin (USDC) as donation options in addition to Bitcoin (BTC).

    Bennett told ULTCOIN365, “I talked with a few others in the church who were into crypto, and it grew into a discussion about it.”

    “After that, I did some research and discovered that the Salvation Army accepts it. I looked into their platform and ultimately decided to use a different one for us,” he continued, encouraging others to do their own extensive research before following suit.

    “Back Bay did this because I am an early adopter and enjoy being on the cutting edge of things. However, there are others who have invested in cryptocurrency. We want to take some of our assets that we’ve invested in, see them appreciate in value, and give it to the work of the church,” Bennett explained, emphasizing that his church’s foray into crypto is merely that.

    Missionary work and cryptography

    “It is a benefit. So, if someone wanted to donate to our church in the same way they would a piece of land, they can. Then we can sell it and use the money for God’s mission,” said the early adopter pastor, who believes that cryptocurrency can help countries with troubled or temporarily-affected financial systems.

    “There are already nonprofits using cryptocurrency to transfer value from one country to another,” he said, adding that “transactions in some third-world countries cannot happen quickly or cheaply.”

    Bennett stated that these nonprofits use cryptocurrency to efficiently raise funds for projects such as building wells.

    “We have people in some of these areas for missionary work,” he said.

    “We can transfer money to them quickly, within minutes or even seconds, for a very small fee, perhaps a hundredth of a cent. They would then transfer to whatever currency they required to conduct transactions on the ground,” Bennett concluded.

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