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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis Day In Sheep-Shearing: Santorum, Schlapp Shill For Catholic Crypto Coin w/Sketchy Founder
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Santorum, Schlapp Shill For Catholic Crypto Coin Whose Founder Has Sketchy Past
Former Sen. Rick Santorum (R-PA) and American Conservative Union chair Matt Schlapp have joined forces for a project that is so deliciously of the moment that its hard to believe its real: Cathio, a cryptocurrency for the religious right that seems to fuse grift and faith in one.
Cathio bills itself as a turnkey solution for Catholic organizations to bring their financial transactions into alignment with their beliefs.
According to the Financial Times, which broke the story on Tuesday, Cathio CEO Matthew Marcolini says that because platforms like Venmo and PayPal apparently back Planned Parenthood an organization antithetical to what the church teaches he founded a cryptocurrency company that offers parishioners a system for giving to churches and other religious organizations in a way thats in accordance with sacrament.
PayPal has attracted criticism from anti-abortion advocates in part for a charitable giving program it runs that allows users to donate to Planned Parenthood chapters. Conservative groups have also criticized the payments firm, which owns Venmo, for its corporate support of the Center for Reproductive Rights. The Family Council, an anti-abortion evangelical group, lists PayPal as a corporate supporter of Planned Parenthood.
https://talkingpointsmemo.com/muckraker/cathio-santorum-schlapp-alleged-fraud
If God didn't want them sheared, he would not have made them sheep.
-- Eli Wallach, The Magnificent Seven
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This Day In Sheep-Shearing: Santorum, Schlapp Shill For Catholic Crypto Coin w/Sketchy Founder (Original Post)
TheBlackAdder
Jun 2019
OP
MyOwnPeace
(16,888 posts)1. Too bad..........
Ricky Santorum's parents didn't know about Planned Parenthood - could have saved so many from so much grief!
marble falls
(56,371 posts)2. This won't go well. I can't wait for the NYT long read article!
comradebillyboy
(10,119 posts)3. Not too many things are shadier than crypto currency scams.
Sounds like a Vatican money laundering operation.
keithbvadu2
(36,371 posts)4. How do you get them? Let me guess... with real gov't money?
How do you get them? Let me guess... with real gov't money?