Cathio Catholic Community-Centric Cryptocurrency Project Welcomes Ex-US Senator Santorum


  • Islamic banking and financial services comply with Shariah laws, which are in accordance with the teachings of Islam, which is the religion followed by around 2 billion Muslims throughout the world.
  • There are also crypto services being developed specifically for Catholics.

Shariah-compliant Services and Solutions for Catholics Are Increasingly Being Developed for the Crypto Space

Crypto projects and communities are created to cater to various sectors of society and this includes religious faiths as well as in 2018 the first-ever Islamic-based cryptocurrency exchange was launched.

Now another one has been founded in the United States but this time for the Catholic Community has seen some significant backing in person or former senator Rick Santorum who has joined the board of the Catholic Community oriented crypto product which is called Cathio.

According to the official press release, it is designed to address Catholic economy needs and provide security, transaction visibility as well as lower cost options.

“Cathio's platform is designed to enable all sectors of the Catholic economy to benefit from lower costs and transparent payments,” said Cathio CEO Matthew Marcolini.

Millennials Mostly Use Digital Payments, Not Cash

This new project is right in line with Santorum’s values as he is known to be very conservative and during his presidential campaigns of 2012 and 2016, he expressed many conservative views.

This, he says, will help appeal to the youth and connect them closer to the Catholic faith:

“Millennials don't carry cash, they date on apps and watch on-demand entertainment. We have to be there, we have to learn from successful tech companies, and we have to provide a universal solution that makes it easy for younger generations to engage with the Church,” he said.

This is true a certain degree of cryptocurrencies are very popular particularly among young people and a creative perform such as this can help appeal to them not only for financial reasons but can help build a faith-based community.

Benefits of Blockchain

According to the former ambassador of the Holy See and advisor for Catho Jim Nicholson, this platform will also manage the church’s money and help increase financial transparency within the church which will inspire donors and build faith.

“The Church is living in a time of great challenges with the laity asking, ‘What can we do?' Well, Cathio is a lay initiative that not only strives to save the Church money but positions it to provide greater transparency of financial transactions and the connectivity of people of good will with good works,” he said.

Cathio CEO Matthew Marcolini stated in the official announcement that:

“when somebody’s doing the wrong thing, or if the government has a question, or if there’s any investigation into any wrongdoing, being able to track that information could be helpful for the Church.”

He was also asked about how wrongdoers will be identified while at the donations of others will be kept anonymous and he replied stating that:

“The better question to ask isn’t so much about tracking and visibility and everything. But it’s focusing on how to bring millennials and Gen Xers into the fold to help them cultivate a culture of philanthropy or a culture of giving.”

Blockchain and Religion

Religion is one aspect of human life by has not been overly discussed when it comes to blockchain but the discussion is inevitable as every aspect of life is being explored through the lens of blockchain application.

In this case, transparency can be achieved which is becoming a more debated issue among the faithful and trust can be built.

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