US Presidential candidate Vivek Ramaswamy to accept Bitcoin for campaign donations

2 years ago

Ramaswamy stated, “Let’s marque the 2024 predetermination a referendum connected fiat currency.”

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US Presidential campaigner  Vivek Ramaswamy to judge  Bitcoin for run  donations

Vivek Ramaswamy becomes the 2nd Presidential campaigner successful the United States to officially judge Bitcoin (BTC) donations for the upcoming 2024 elections. 

“Give $1,” said Ramaswamy portion announcing that helium was accepting Bitcoin donations. The revelation came conscionable 2 days aft Robert F. Kennedy Jr. became the archetypal statesmanlike campaigner successful United States history to judge run donations successful Bitcoin. Ramaswamy stated, “Let’s marque the 2024 predetermination a referendum connected fiat currency.”

US Presidential candidate Vivek Ramaswamy announcing accepting Bitcoin donations. Source: Facebook

As shown above, Ramaswamy flashed a QR codification portion connected stage, which erstwhile scanned, would redirect users to a outgo gateway that offers assorted outgo options for donations, including BTC and Satoshi (sats) — the smallest denomination of Bitcoin.

Payment options for Ramaswamy's donations showing BTC and sats. Source: support.vivek2024.com

Ramaswamy opted for BitPay’s outgo work for receiving Bitcoin donations. However, BitPay supports different cryptocurrencies including Bitcoin Cash (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE) and Shiba Inu (SHIB) among others.

Just announced we’re officially accepting #Bitcoin donations.
Give $1.
Let’s marque the 2024 predetermination a referendum connected fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz

— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023

Eligible U.S. citizens and imperishable residents tin donate up to $6,600 for the campaign, which is not deductible arsenic charitable contributions for national income taxation purposes. Donors volition beryllium awarded with a nonfungible token (NFT) arsenic the donation page mentions “After donating, travel backmost to assertion your NFT.”

Related: FTX seeks to claw backmost governmental donations by the extremity of February

In February, lawmakers successful the Kansas House of Representatives introduced a measure proposing a headdress of $100 erstwhile it comes to crypto governmental donations.

For donations nether $100, the receiver would request to “immediately convert” the crypto to U.S. dollars, not usage the crypto for expenditures, and not HODL the funds.

Magazine: Hyperbitcoinization is underway, RFK seeks Bitcoin donations and different news: Hodler’s Digest, May 14-20

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