Former US Senator Rick Santorum Supports New Crypto for Catholics


Former US Senator, neologism, and noted Catholic, Rick Santorum, has arrive out in support of Cathio, a for-earnings business that will “provide economical, secure, and clear motion of cash inside the Catholic world.”

From a release:

“Cathio’s platform is built to allow all sectors of the Catholic economy to benefit from decreased prices and clear payments,” explained Cathio CEO Matthew Marcolini.

Former Ambassador to the Holy See and Cathio Advisor Jim Nicholson said, “The Church is living in a time of excellent issues with the laity asking, ‘What can we do?’ Effectively, Cathio is a lay initiative that not only strives to help you save the Church funds, but positions it to supply greater transparency of economic transactions and the connectivity of people today of excellent will with excellent works.”

It must be noted that Santorum is the CEO’s father-in-regulation – a little bit of nepotism that can be avoided in the future if Cathio’s board were being to consider a vow of chastity – and that the board functions Cameron Chell, chairman of ICOx Innovations. Chell and his group brought us the exciting and successful KodakCoin.

Information of this merchandise are slender but it appears to be to be a classic fintech perform with a blockchain chaser. It’s also seemingly a ploy to get young children thrilled about Church.

“Millennials really don’t carry hard cash, they day on apps and view on-demand entertainment. We have to be there, we have to understand from successful tech businesses, and we have to supply a common remedy that will make it uncomplicated for younger generations to have interaction with the Church,” wrote Santorum.

Graphic by way of Cathio.

End users of the Cathio network pay 2% to operate their economic transactions by way of the procedure and allows clergymen consider donations without having any of the funds passing by way of the morally bankrupt Silicon Valley payment companies. As an additional bonus the application is type of a Moviefone for churches, permitting them to article images and mass periods on Cathio’s map.

There is one snag, on the other hand. Blockchain, Marcolini informed the Monetary Moments, will make it uncomplicated for parishioners to know the place their donations are going. Regrettably, this deficiency of anonymity goes in immediate opposition to Christ’s teachings. You’ll recall He explained:

So when you give to the needy, do not announce it with trumpets, as the hypocrites do in the synagogues and on the streets, to be honored by many others. Definitely I explain to you, they have obtained their reward in whole. But when you give to the needy, do not allow your remaining hand know what your correct hand is executing, so that your providing may well be in secret. Then your Father, who sees what is accomplished in secret, will reward you.

Probably they just want to use Monero?

Graphic by way of Twitter.



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