St Martin’s Church in London becomes first in the UK to accept Bitcoins for its collection

A London church has become the first in the country to accept internet currency Bitcoins in its collection plate.

The Rev Chris Brice of St Martin’s Anglican Parish Church in Gospel Oak said the innovation showed that “we are people in touch with what’s going on around us”.

Some supporters of Bitcoins claim the currency wrestles power from corporations and banking giants, and its value has soared in the past 12 months, peaking at more than £615.

Mr Brice said: “The current [financial] system is not all that reliable, given recent events. You’ve got to live in an environment where people are free to experiment with these things. If this doesn’t work we’ll try something else.”

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