Religion and Cryptocurrency

2 Years ago / Articles


The crypto industry is slowly but surely becoming one of the topics that constantly provoke heated discussions between ardent supporters and opponents, taking its place somewhere between the themes of politics and religion. Some think that Bitcoin and all cryptocurrencies are a soap bubble, which is bound to burst soon, and some, on the contrary, are confident that it is exactly in the cryptocurrencies that the financial future of mankind is. This often resembles a heated debate between liberals and conservatives, atheists and religious figures. The latter also split their views on the blockchain technology, and some even attempt to collect donations in the cryptocurrency.


In Islam

So, the Turkish Shacklewell Lane mosque in London managed to collect cryptocurrencies in the amount of 13,983 pounds during the celebration of the Islamic holiday of Ramadan. At the same time, its financial alms could not overcome the barrier of even 3,500 pounds. The religious organization realized its project with the help of Blockchain Combo Innovation, which specializes in financing Islam. Within a month, 24 donations from different parts of the world came to the purse of the mosque.

  • "Many people in the mosque initially were skeptical about the fact that we were taking new money. However, the fact that we received four times as much from donations on cryptocurrencies shows how important it is to discover these new digital money",

said Eric Gyuni, head of the religious community. Interestingly, that after becoming the first Turkish mosque to accept cryptocurrency as donations, Shacklewell Lane stood in opposition to Ankara.

  • "The purchase and sale of virtual currencies is currently incompatible with religion due to the fact that their valuation is open to speculation, they can easily be used in illegal activities such as money laundering. They are not under state control and surveillance",

stated the Turkish religious affairs department.

Other Islamic leaders are sure that "flirting with cryptocurrencies" will not bring it to the good. For example, the Mufti of Egypt has already spoken out against it, saying that their anonymity provides scope for the actions of drug traffickers and operations with other illegal goods on the Internet.


In Christianity

Nevertheless, more and more religious organizations show a genuine interest in cryptocurrencies. So, in January the evangelical church in Zurich began taking bitcoin as a tithe.

A church spokesman, Nicholas Legler, stated that both bitcoin and other digital currencies will soon be inseparable from the everyday life of each person. Therefore, they need to keep up with the time.

The new community wants to use the blockchain of Ethereum system as a revolutionary potential for serving the gospel.

  • "I believe that blockchain technology is one of the most important innovations in the last ten years," said the South Korean co-founder of the Brantley Milllegan project. "And the Catholic Church, as the largest global organization in the world, has a unique opportunity to get the fruits of its use."

What benefit, in the opinion of the Catholic crypto evangelist, can this bring to the church?

In his opinion, this is, above all, the empowerment of the poor in developing countries. Secondly, fast, cheap, secure international payments, ensuring long-term storage of important information. It is these properties of payments that are necessary for various sacraments and rituals. The group also wants to represent Catholic values in the growing community of detachment. "The crypto industry is full of smart people, and they are absolute fanatics of their ideas, which can radically change the world," said Millegan. "We want the Catholic tradition to take place at the table during discussions about this."

"Most of the people in the Catholic community are still very careful with the websites, smartphones and social networks," the religious leader summarized. "We need to do our best to seriously tackle new modern technologies before we are behind them." And we think that the blockchain technology should be at the top of the list. "

At the end of 2017, the Christian Traders organization introduced CT Global as a cryptocurrency for the global Christian community. The company claims to be the eliminator of the giant gap between Wall Street and Main Street. CT Global Coin is based on the Ethereum blockchain. ICO has already finished in December 2017.

According to the creators, since many people in the world do not have a bank account, but most of them, even in the poorest regions of the world, have inexpensive phones with Internet connection, with the Christian trading system Traders Global Coin they will be able to use alternative financial assets.


In Buddhism

Buddhists also did not stay away from the blockchain. Last summer, a group of Buddhist programmers said that they are going to create the world's first crypto-intellectual community Lotos Network.The main goal of the project is to create a "global monastery", using its own cryptocurrency - "Signs of Karma". It can be earned through training and meditation.

The community should be based on its own economy based on "Pocket coins", which, according to the authors, are the first concept of the "Buddhist economy" - this definition belongs to the philosopher and university professor at Berkeley, Claire Brown. In Lotos they are sure that it is possible to create an economy free from the materialistic shackles of ordinary currencies.

Creating a transparent spiritual community based on the blockchain technology, the developers hope to largely eliminate corruption and quackery.

  • "Decentralization solves the main problems of religion - corruption, incentives, efficiency and accessibility. Transparent transactions make corruption impossible. Karmic stimulation becomes palpable. Efficiency is carried out empirically through open source protocols. Global accessibility is achieved through a cloud dating service",

- says the project's white paper.

Members of the community will pay monthly fees for access to exclusive content. Also, participants can earn karma-koin through training Buddhist practices. Coins can be spent on courses, donations and monthly fees.


The relationship between religion and new technologies throughout history has been quite complex, but over time they can radically change. Today, this is already demonstrated by individual religious figures, as well as by whole institutions. Who knows, perhaps soon alms will be made in any church only from your smartphone.