In A Tremendous Move, Vivek Ramaswamy Becomes Second US Presidential Candidate Accept Bitcoin officially for the upcoming 2024 election. Just two days after Robert F. Kennedy Jr. made history by becoming the first candidate to accept a bitcoin campaign contribution, Ramaswamy announced his decision to adopt the cryptocurrency as a form of campaign finance. , By doing so, Ramaswamy aims to make the 2024 election a referendum on legal currency.
Another US dentist is in favor of BTC
During his announcement, Ramaswamy unveiled a QR code that, when scanned, redirects users to a payment gateway that offers various payment options for donations, including bitcoin (BTC) and its smaller denomination, the satoshi (Sat). supports. , To facilitate bitcoin dent donations. He chose the Bitpay payment service, which also supports other cryptocurrencies such as Bitcoin Cash, Ethereum, Appcoin, Litecoin, Dogecoin, and Shib E Inu.
According to campaign finance rules, eligible US citizens and permanent residents can donate up to $6,600 to Ramaswamy’s campaign. However, it is important to note that these donations are not tax deductible for federal income tax purposes as charitable contributions. As an added incentive, donors will receive non-fungible tokens (NFTs) upon completing their donation. The donation page indicates that donors must return to claim their NFTs after contributing.
Interestingly, in February, lawmakers in the Kansas House of Representatives proposed a bill suggesting a $100 limit on crypto-political donations. The bill recommends that for donations of less than $100, the recipient should immediately convert the cryptocurrency into US dollars and refrain from using it for expenses or holding the funds as an investment (HODL).
Ramaswamy will raise funds through Bitpay
Ramaswamy’s decision to accept bitcoin donations reflects the growing acceptance and integration of cryptocurrencies into mainstream politics and finance. By leveraging the BitPay payment service, Ramaswamy aims to provide a seamless experience for supporters who wish to contribute to his campaign using various cryptocurrencies.
Led by both US DENT candidates, the acceptance of bitcoin donations to the 2024 DENT campaign highlights the evolving landscape of political finance. As the race for the presidency intensifies, it remains to be seen how other candidates will respond to this new wave of digital campaign finance.
The move also means that the acceptance of bitcoin for the 2024 presidential campaign is a major milestone in the integration of cryptocurrencies into mainstream politics. By embracing the BitPay payment service and offering non-fungible tokens as an incentive to donors, Ramaswamy aims to make the upcoming election a platform to discuss the role of fiat currency.
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