One mission company cites that they can help unite the church with the help of its very own currency. Mission company Life Change has officially launched 'Christ Coin', the world's first Christian cryptocurrency that aims to provide the Catholic Church its very own currency.
Cryptocurrency or virtual currency provides a new way for users to send money anywhere securely with the assistance of encryption techniques. Cryptocurrencies are also handled independently and not controlled by banks or governments.
According to their statement in RNS, Life Change said "Christ Coin allows the faithful to have a way to approach finances that uniquely helps grow and support the global Christian church."
It also added, "instead of dollars, consumers purchase or earn "coins" which can be used for purchasing or exchanged just like any other currency." Aside from ease of transactions, financial rewards would also be granted for users of the cryptocurrency who take part in various Christian activities such as reading the Bible, taking part in civic grops and others.
The company hopes the church will use Christ Coin to expand the ministry in areas that is not often covered by the church.
Luke Forstmann, the co-founder of the Christian cryptocurrency, said "The overarching benefits of the Life Change Platform truly go beyond what people would typically think when talking about finance and economics.
He also added: 'We like to use the L.I.V.E.S. acronym: Leave your mark on the world by supporting humanitarian efforts, Invest in a cryptocurrency, Vault your spiritual life, Earn additional income, Support the vision of your local church through tithes and offerings. Yes, Christ Coin is an investment opportunity, but it goes so much farther than personal finance. We hope it will change lives, support ministries, and inspire people to grow in their faith.'
For anyone who wish to invest in Christ Coin, the first 'coin sale' will begin on December 1st at 7:00am CT.