It’s Raining Crypto Donations In UK Mosque

A UK mosque accepts Bitcoin and Ethereum as donations accumulating over 14,000 GBP over the past few weeks.

Shacklewell-crypto

A mosque in East London embraced crypto donations with open arms. The decision was effective last March. Although, under Islamic guidelines, religious leaders still wonder if Bitcoin is halal.

Embracing Crypto

Shacklewell Lane Mosque accepted approximately 14,000 GBP worth of cryptocurrency within a month. It’s proven that accepting Bitcoin and Ethereum is profitable.

This is four times as much opposed to traditional cash donations, proving that Bitcoin and Ethereum are relatively popular particularly among the members of the Islamic faith in London.

The mosque’s chairman Erkin Guney said:

“When the donations started to flow in, we were blown away. We received four times more in cryptocurrency donations than in cash from our local worshippers during Ramadan, and we are still receiving cryptocurrency Sadaqah [donations]. It is amazing!”

Meanwhile, latest on the crypto news, Zero-fee cryptocurrency exchange Cobinhood declared on July 12 that it will begin supporting fiat trading with the US Dollar, starting July 20.

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