U.S. Presidential Candidate Openly Accepts Cryptocurrency Donations For His Campaign

Amidst the high reputation and pedigree that has been attributed to the cryptomarket, since its inception in 2009, the coin has grown in leaps and bounds with major players in virtually all the sectors in the economy embracing the coin and generally accepting it as a means of exchange and a viable alternative to the fiat money.
So popular is the coin that a 2020 presidential aspirant Andrew Yang will be accepting Bitcoin and other forms of cryptocurrencies as an official form of donation for his campaign. The Chinese – American, a U.S presidential candidate, announced that he would be accepting Bitcoin, Ethereum and other forms of cryptocurrencies as a form of donation during his campaign for the oval office in 2020.
The elite politician who’s running late on a policy tagged “human capitalism,” a policy channeled at maximizing the potentials in achieving a strategic development in the human capacity building. The campaign team will be accepting all forms of cryptocurrencies, as long as its ERC20 Standard and it is a minimum of $2,500.
The campaign train of the US democrat will be taking a new twist, as it will also be accepting Venmo payments. His campaign aims at using twitch, and Instagram tv in streaming live its campaigns on the internet and also use all other forms of technology to reach a wider audience, especially the youths, who use social media the most.
Individuals who want to donate will receive a form, which validates their voter qualifications. Once approved, the campaign will send a cryptocurrency address, which will allow them to fulfill the donation.
Politics and cryptocurrency in the United States have long been a romantic accord, for quite a while, as it was the bone of contention, between fellow Democrats Dave Min and Brian Forde, back in May. Just before the May incident, a four-time candidate for the position of Mayor in Texas city Of Lewisville, once suggested that the municipality should issue its cryptocurrency, to fund and equip the local police as it would help to combat crime more in the city and also avoid charging the citizens for added security.
Ex-congressman and a very popular politician, Ron Paul, hinted in early July that there are well-placed measures to adequately replace the US dollars with cryptocurrencies, stating that it was due to the challenge of the countries, who are uncomfortable with the US dollars, is the globally accepted currency for exchange, during international trade and business transactions.
Austin Petersen, a Missouri Senate candidate also said he will accept Bitcoin for his campaign.
With more politicians embracing cryptocurrencies, it’s just a matter of time before cryptocurrencies effectively replace the fiat or paper money.

Related posts
CBDCcryptocurrencyCryptocurrency Newsdigital currencyNews

World Central Banks Deliberate On The Future of Money

Think about it this way: “It would be a mistake to think the internet won’t do to money the same thing it’s done to communications. When was the last time you wrote a letter, as opposed to sending a mail,…
Bitcoin NewsbtcusdBTCUSDCBTCUSDTcryptocurrencyCryptocurrency NewsEthereum NewsETHUSDethusdtNewsxbtusd

S&P Dow Jones Indices Takes Bitcoin and Ethereum to the Trading Floors of Wall Street

S&P Dow Jones Indices, the leading investment benchmark and indices provider, has launched “S&P Cryptocurrency Indices” with an ambitious goal of bringing transparency to the ever-evolving cryptocurrency market. These indices will measure the performance of certain cryptocurrencies that meet specific…
cryptocurrencyCryptocurrency NewsNewsPayPalstablecoins

PayPal Is Reportedly Exploring Issuing A Stablecoin

Last fall, the world’s largest payments processor PayPal partnered with Paxos to allow users to buy, hold and sell bitcoin, ethereum, litecoin, and bitcoin cash — and the demand for its crypto service has so far exceeded the company’s expectations. …