Former US Senator Rick Santorum Helps New Crypto for Catholics – CoinDesk

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Former US Senator, neologism, and famous Catholic, Rick Santorum, has come out in help of Cathio, a for-profit group that may “present environment friendly, safe, and clear motion of funds inside the Catholic world.”

From a launch:

“Cathio’s platform is designed to allow all sectors of the Catholic economic system to learn from decrease prices and clear funds,” stated Cathio CEO Matthew Marcolini.

Former Ambassador to the Holy See and Cathio Advisor Jim Nicholson said, “The Church resides in a time of nice challenges with the laity asking, ‘What can we do?’ Nicely, Cathio is a lay initiative that not solely strives to save lots of the Church cash, however positions it to offer higher transparency of monetary transactions and the connectivity of individuals of fine will with good works.”

It needs to be famous that Santorum is the CEO’s father-in-law – a little bit of nepotism that may be prevented sooner or later if Cathio’s board had been to take a vow of chastity – and that the board options Cameron Chell, chairman of ICOx Improvements. Chell and his crew introduced us the thrilling and profitable KodakCoin.

I’m very excited to be a part of an organization devoted to serving to the Catholic Church join with youthful believers. https://t.co/OZTHPrJuyh

— Rick Santorum (@RickSantorum) Could 31, 2019

Particulars of this product are slim but it surely seems to be to be a conventional fintech play with a blockchain chaser. It’s additionally apparently a ploy to get children enthusiastic about Church.

“Millennials don’t carry money, they date on apps and watch on-demand leisure. We now have to be there, we now have to be taught from profitable tech firms, and we now have to offer a common resolution that makes it simple for youthful generations to interact with the Church,” wrote Santorum.

Picture by way of Cathio.

Customers of the Cathio community pay 2% to run their monetary transactions via the system and lets monks take donations with none of the cash passing via the morally bankrupt Silicon Valley fee suppliers. As an added bonus the app is form of a Moviefone for church buildings, permitting them to submit photographs and mass instances on Cathio’s map.

There’s one snag, nevertheless. Blockchain, Marcolini informed the Monetary Instances, will make it simple for parishioners to know the place their donations are going. Sadly, this lack of anonymity goes in direct opposition to Christ’s teachings. You’ll recall He stated:

So while you give to the needy, don’t announce it with trumpets, because the hypocrites do within the synagogues and on the streets, to be honored by others. Really I inform you, they’ve acquired their reward in full. However while you give to the needy, don’t let your left hand know what your proper hand is doing, in order that your giving could also be in secret. Then your Father, who sees what is completed in secret, will reward you.

Perhaps they simply want to make use of Monero?

Picture by way of Twitter.

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