Vivek Ramaswamy is the second presidential candidate in the USA to formally settle for Bitcoin (BTC) donations for the upcoming 2024 election.
"Give $1," Ramaswamy mentioned, asserting that he could be accepting bitcoin donations. The revelation got here simply two days after Robert F. Kennedy Jr. turned the primary presidential candidate in United States historical past to simply accept marketing campaign contributions in Bitcoin. Ramaswamy declared: "Let's make the 2024 election a referendum on fiat currencies."
US Presidential Candidate Vivek Ramaswamy Publicizes Bitcoin Donation Acceptance Supply: Fb
As proven above, Ramaswamy displayed a QR code on stage that, when scanned, redirected customers to a cost gateway providing numerous cost choices for donations, together with BTC and Satoshi (Sats) - the smallest denomination of Bitcoin.
Fee choices for Ramaswamy's donations utilizing BTC and Sats. Supply: assist.vivek2024.com
Ramaswamy has chosen the BitPay cost service to obtain Bitcoin donations. Nonetheless, BitPay additionally helps different cryptocurrencies, together with Bitcoin Money (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB), amongst others.
I simply introduced that we're formally accepting #Bitcoin Donate.
Enter $1.
Let's make the 2024 election a referendum on fiat foreign money. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz
— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
Eligible US residents and everlasting residents can donate as much as US$6,600 to the marketing campaign, which isn't federal earnings tax deductible as a charitable donation. Donors obtain a non-fungible token (NFT) as a donation. book page mentions: "After the donation, come again to say your NFT."
Associated: FTX is making an attempt to reclaim political donations by the tip of February
In February, lawmakers within the Kansas Home of Representatives launched a invoice that will cap political donations in crypto at $100.
Donations below $100 would require the recipient to "immediately convert the cryptocurrency to US {dollars}", not use the cryptocurrency for bills, and never HODL the funds.
Journal: Hyperbitcoinization Underway, RFK Solicits Bitcoin Donations & Different Information: Hodler's Digest, Could 14-20 Could
