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How Cryptocurrency Is Changing Church Giving for the Better

changing church giving for the better

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While the digital world may seem like a strange place for the ministry, the two are increasingly coming into contact. Some churches have found their way into the virtual “metaverse,” and crypto has also become an acceptable way to give in houses of worship. In fact, cryptocurrency and churches seem poised to become interconnected — and this isn’t a negative thing.

Crypto donations are quickly becoming the norm, and it’s vital that ministries keep up with this trend. Rather than lamenting technological intrusion in church, though, ministry leaders should see this as an opportunity. Cryptocurrency and churches may seem like an odd couple, but these donations are changing the ministry for the better.

Cryptocurrency and Churches Already Coexist

If you were to discuss crypto donations in church just five years ago, the discussion would’ve been mostly theoretical. This is no longer the case. Understanding how cryptocurrency is changing ministry giving for the better means recognizing this change is already happening. For instance, a $10 million anonymous Bitcoin donation went to a faith-based organization in 2021.

Similarly, a California church with just 1,000 members was able to raise $6.3 million in only 45 days after allowing crypto donations. About half of that money came directly from digital coinage and other nontraditional contributions. This is an insane amount considering the number of people tithing has consistently dropped in recent years.

These are hardly exceptional examples of cryptocurrency and churches coming together. The truth is that any ministry can accept digital currency. For instance, CryptoDonations through DonorWerx ({owered by BitDonate) allows church leaders to sign up for a free eWallet in just minutes. There’s nothing standing in the way of crypto changing church giving in a positive way.

Cryptocurrency Increases Church Giving

What is the best example of how crypto donations are changing church giving for the better? If we had to choose only one, it would be the fact that cryptocurrency increases overall giving. You could assume this would happen merely by providing congregants with a new way to give. Fortunately, no assumption is necessary. We’ve already got the data to back it up.

You need only to look at current giving levels to see why cryptocurrency and churches are perfect together. In 2020, about 33% of donors gave more than $1,000 to churches, nonprofits, and causes. That’s just among the general public. When you look at this statistic for crypto owners, the number makes a significant leap to 45%.

With tithing decreasing and ministries still reeling from a pandemic, finding ways to increase church giving is vital. Offering crypto as a way to donate is one of the easiest ways to do this. With CryptoDonations through DonorWerx, you’ll have access to an eWallet that costs you nothing to set up. And even when the donations roll in, there’s only a 3% processing fee.

Crypto Is Better Than Other Assets

Money is far from the only way that congregants give back to ministries. The effort put into recruiting church volunteers is evidence of this. Of course, even houses of worship that focus on financial gifts alone get more than just cash. In fact, this has gone on for long before cryptocurrency and churches began to intersect.

Just consider some of the most common non-cash gifts ministries receive from their congregants:

  • Automobiles
  • Real estate
  • Stocks
  • Gift cards
  • Frequent flyer miles
  • Mutual funds

If you’re asking, “What’s my church supposed to do with crypto?”, just consider what you’d do with these other assets. Most ministries would quickly sell the items and put the money into their coffers. This is the same with cryptocurrency, but you’ll benefit even further because you don’t have to sell it. Instead, your crypto donation platform can do that for you.

People often worry about the intersection of cryptocurrency and churches because holding digital investments isn’t the norm for ministries. Fortunately, platforms like CryptoDonations through DonorWerx allow for the immediate sale of crypto at the current market price. In just a few days, those profits go directly into your church bank account as real money. 

Improvements to the Donor Experience

The Bible tells us that we should give generously in God’s name. Unfortunately, many parishioners require a bit of a nudge. This is why focusing on donor experience is so important. In fact, that’s exactly what we focused on for years at DonorWerx — long before cryptocurrency and churches intersected. If you can offer donors a great experience, you can increase giving.

Fortunately for your ministry, that’s exactly what offering crypto donations can accomplish. The biggest example of this is how cryptocurrency makes it easier for congregants to donate. Sure, churchgoers could mail in a check, grab their credit card, or simply drop money into the offering plate. If they’re looking for real simplicity, though, they need only copy the ministry’s eWallet address.

In addition to simplifying giving, accepting crypto also helps you better map the donor experience. That’s because donor segmentation is a major aspect of this experience, and we know exactly the type of parishioner that owns crypto. The average digital coin holder is in their late 30s, so you can direct crypto-focused messaging directly to these congregants.

Crypto Offers More Transparency in Giving

The intersection of cryptocurrency and churches may be exactly what the ministry needs. A recent poll showed that trust in organized religion was near historic lows. This at least partially explains why giving has gone down so much in recent years. To combat this, you must strive for your congregation to be as transparent as possible. Crypto can help in that endeavor.

Of course, digital currency alone isn’t the answer. The pastor must be honest from the pulpit about the ministry’s needs and where money is going. Your church’s messaging must be clear about this as well. It’s even smart to offer different options for people to give — such as by allowing them to choose which causes their money goes to.

Cryptocurrency and churches coming together will help you meet this goal thanks to public ledgers. There’s no need to dive into all the complex aspects of digital currency, but you should know that every transaction is recorded on a public ledger. This doesn’t mean donor or church information will be public, but it will serve as a public record that crypto changed hands.

This contributes to the transparency modern churchgoers want from the ministry.

Bring Cryptocurrency and Churches Together Today

During the time of Christ, the biggest technological innovations included rounded architecture, bound books, and the Julian calendar. His early followers wouldn’t recognize most of the advances that are common today. Some may see this as moving away from God, but the reality is that technology is a gift from Him. This is how cryptocurrency and churches can coexist.

Crypto donations are changing church giving for the better, and it’s important for your ministry to keep up. As digital currencies continue to gain wider recognition, your parishioners will expect your ministry to accept crypto as a form of donation. CryptoDonations through DonorWerx (Powered by BitDonate) can simplify this process for you.

Sign up for your free crypto wallet in just a few minutes so your ministry doesn’t miss the many benefits when cryptocurrency and churches unite.

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