Connect with us

Hi, what are you looking for?

ELEVENEWS

Crypto

Former US Senator Rick Santorum Supports New Crypto for Catholics

Former US Senator, neologism, and noted Catholic, Rick Santorum, has come out in support of Cathio, a for-profit organization that will “provide efficient, secure, and transparent movement of funds within the Catholic world.”

From a release:

“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.

Former Ambassador to the Holy See and Cathio Advisor Jim Nicholson stated, “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.”

It should be noted that Santorum is the CEO’s father-in-law – a bit of nepotism that can be avoided in the future if Cathio’s board were to take a vow of chastity – and that the board features Cameron Chell, chairman of ICOx Innovations. Chell and his team brought us the exciting and successful KodakCoin.

Details of this product are slim but it looks to be a traditional fintech play with a blockchain chaser. It’s also apparently a ploy to get kids excited about Church.

“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,” wrote Santorum.

source:coindesk.


Advertisement

Copyright © 2020 Elevenews