Cryptocurrency Donations Could Lead the Charge For Notre Dame Cathedral's Reconstruction

Notre Dame Cathedral Rebuilding Could Accept Cryptocurrency Donations

Do you want to donate crypto for Notre Dame Cathedral? Don't worry, soon that may become a possibility.

On Monday, France's twelfth-century cathedral was devastated by a wildfire which its cause is still unknown. The 850 years Notre-Dame cathedral is an absolute symbol of France and one of the country's most famous landmarks.

The aftermath of the fire has hence been deemed devastating, and many are left stumped on how to address the aftermath.

But as well as know the answer is money, and crypto assets might be considered.

Bringing Crypto To Religion

The French government under President Emmanuel Macron has launched a website for donations which has a connection to only four ratified organizations.

At the moment, cryptocurrency donation has not been accepted as an option. However, that seems to change soon as the minister for Digital Affairs in the country, Cedric O signaled that consideration for crypto donation is a possibility.

Cedric said that he is open to discussions with cryptocurrency platforms to allow donations with the digital currencies from across the globe.

Thus far over $1 billion donations for the reconstruction have already been received. The minister added that if crypto donations were to be included, then similar conditions would as well as apply as those for fiat currencies whereby the originations are not allowed to charge commissions, data collected for tax deductions and funds routed through any of the four approved organizations.

Crypto Community Rallying Already

The crypto community has responded, and it too wants to leave a stamp on the donations. In fact, some believe that it's time for the crypto world to prove a point that it can as well be used for good and not only the small percentage of criminal uses repeatedly cited by critics.

For instance, an international blockchain event which is powered by Cointelegram launched an own campaign to donate crypto. Also, the world's largest exchange Binance launched its crypto donation program in support of the reconstruction progress.

If cryptocurrency will be accepted (which looks most likely), then it will surely be a step forward for the industry in a bid for mass adoption. And who knows what that may mean to the crypto and fiat war.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Ali Qamar
Ali Qamar
Ali Qamar is a seasoned crypto and blockchain writer and a strong believer in cryptocurrencies with real-life use cases. Ali loves to cover any topic related to TRON and has a keen interest in other cryptocurrency verticals such as Ripple, Stellar, Bitcoin and more.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,193FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bolt Labs to Bring zkChannels, Private Payment Channels, to Tezos Blockchain

Bolt labs will collaborate with the Tezos dev team, Nomadic labs, and Metastate in a bid to integrate their private payment channel zkChannels...

Ethereum Layer 2 Solution, SKALE Network, Launches Its Mainnet Phase One; Staking & Bounties Start in Early Q3

SKALE - an open-source scaling solution backed by Gemini exchange founders Winklevoss brothers for scaling the Ethereum network - has started to roll out...

Pundi X Integrates PayPal into Point-of-Sale Device, XPOS; Users Can Buy & Sell Crypto Seamlessly

Pundi X, a blockchain firm based in Singapore, has integrated its point-of-solution (PoS) device, XPOS, with PayPal, according to a medium post on June...

Crypto Mining GPU Manufacturer, NVidia Petitions Court to Toss Out $1 Billion Class Action

NVidia has petitioned the California court to dismiss the class action suit made by its investors. The lawsuit against the firm’s top brass alleges that...

Hacker Extort 116.4 Bitcoin from University of California San Francisco (UCSF)

The University of California San Francisco (UCSF) paid a ransom of $1.14 million in Bitcoin after a ransomware attack earlier this month, reported BBC...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today