Temples in India increasingly accepting bytecoin donations

Temples in India are increasingly accepting bytecoin (BCN) as donation, according to a press release CoinReport received from bytecoin’s team, which received the news from BCN’s Indian community manager, Pundit Pawan Sharma.

The trend started with gurudwaras, which are places of worship in the Sikhism religion, in the cities of Delhi, Cochin, Madurai and Amritsar, says the release.

Temples are reportedly happy to accept bytecoin donations because cash usually sits idle with them, and being not-for-profit organizations, they are prohibited by the government to invest the donated funds. Bytecoin carries a liberation, as even if the temples save it in their wallets, they will see the price rise as others trade the digital currency on exchanges.

The biggest benefit that donors as well as the temples receive is no charge on the transaction. All that temples must do is generate a QR code for their wallet address and send it to their followers’ community using Facebook, Telegram, WhatsApp and other instant messaging apps. Community members share and spread the QR code with more followers.

Bytecoin is a digital currency where transactions are impossible to trace back. It enables very fast international remittances the world over, with the sender staying completely anonymous. “Gupt Daan” (Anonymous Donation) is already considered a supreme deed in the Hindu religion.

Hinduism is the main and majority religion of India, with over 79.8% of the population identifying themselves as Hindu, that accounts for roughly 966 million Hindus in India as of the official 2011 census report.

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